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Featured Insight
May fuel price update: Petrol aligned with formula, diesel still priced above
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the retail price of Petrol 92 has remained aligned with its formula price. In contrast, the price of Auto Diesel continues to exceed the formula benchmark, despite the market price reduction. The formula price of Petrol 92 was revised down to LKR 290.6 per litre in May—a decrease of LKR 6.3 from April. The market price was just LKR 2.4 lower than the formula price, placing it within a 2% variation. This narrow margin confirms that petrol prices remain effectively aligned with the formula. Auto Diesel, however, tells a different story. Even after the LKR 12 price cut in May, its market price is still LKR 13.6 higher than the formula price. This follows an already significant disparity in April, when the market price exceeded the formula price by LKR 17.2. Moreover, falling global fuel prices further pushed the diesel formula price down by LKR 8.4 in May, widening the gap between the market and formula prices despite the local adjustment. For further details, including taxes per litre and a comparison of Sri Lanka’s fuel prices with regional countries, visit the Fuel Price Tracker. *Note: A 2% variation of the market price from the formula price is still considered consistent with the formula. This variation accounts for fluctuations in the actual purchase price of each fuel order, which result from varying supplier margins relative to the global market benchmark price.
Featured Insight
May fuel price update: Petrol aligned with formula, diesel still priced above
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the retail price of Petrol 92 has remained aligned with its formula price. In contrast, the price of Auto Diesel continues to exceed the formula benchmark, despite the market price reduction. The formula price of Petrol 92 was revised down to LKR 290.6 per litre in May—a decrease of LKR 6.3 from April. The market price was just LKR 2.4 lower than the formula price, placing it within a 2% variation. This narrow margin confirms that petrol prices remain effectively aligned with the formula. Auto Diesel, however, tells a different story. Even after the LKR 12 price cut in May, its market price is still LKR 13.6 higher than the formula price. This follows an already significant disparity in April, when the market price exceeded the formula price by LKR 17.2. Moreover, falling global fuel prices further pushed the diesel formula price down by LKR 8.4 in May, widening the gap between the market and formula prices despite the local adjustment. For further details, including taxes per litre and a comparison of Sri Lanka’s fuel prices with regional countries, visit the Fuel Price Tracker. *Note: A 2% variation of the market price from the formula price is still considered consistent with the formula. This variation accounts for fluctuations in the actual purchase price of each fuel order, which result from varying supplier margins relative to the global market benchmark price.
Featured Insight
May fuel price update: Petrol aligned with formula, diesel still priced above
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the retail price of Petrol 92 has remained aligned with its formula price. In contrast, the price of Auto Diesel continues to exceed the formula benchmark, despite the market price reduction. The formula price of Petrol 92 was revised down to LKR 290.6 per litre in May—a decrease of LKR 6.3 from April. The market price was just LKR 2.4 lower than the formula price, placing it within a 2% variation. This narrow margin confirms that petrol prices remain effectively aligned with the formula. Auto Diesel, however, tells a different story. Even after the LKR 12 price cut in May, its market price is still LKR 13.6 higher than the formula price. This follows an already significant disparity in April, when the market price exceeded the formula price by LKR 17.2. Moreover, falling global fuel prices further pushed the diesel formula price down by LKR 8.4 in May, widening the gap between the market and formula prices despite the local adjustment. For further details, including taxes per litre and a comparison of Sri Lanka’s fuel prices with regional countries, visit the Fuel Price Tracker. *Note: A 2% variation of the market price from the formula price is still considered consistent with the formula. This variation accounts for fluctuations in the actual purchase price of each fuel order, which result from varying supplier margins relative to the global market benchmark price.
Featured Insight
May fuel price update: Petrol aligned with formula, diesel still priced above
In May 2025, the prices of both Petrol 92 and Auto Diesel were reduced in Sri Lanka. Petrol 92 dropped by LKR 6 per litre, while Auto Diesel saw a more significant cut of LKR 12 per litre. This marks the fourth consecutive month in which the retail price of Petrol 92 has remained aligned with its formula price. In contrast, the price of Auto Diesel continues to exceed the formula benchmark, despite the market price reduction. The formula price of Petrol 92 was revised down to LKR 290.6 per litre in May—a decrease of LKR 6.3 from April. The market price was just LKR 2.4 lower than the formula price, placing it within a 2% variation. This narrow margin confirms that petrol prices remain effectively aligned with the formula. Auto Diesel, however, tells a different story. Even after the LKR 12 price cut in May, its market price is still LKR 13.6 higher than the formula price. This follows an already significant disparity in April, when the market price exceeded the formula price by LKR 17.2. Moreover, falling global fuel prices further pushed the diesel formula price down by LKR 8.4 in May, widening the gap between the market and formula prices despite the local adjustment. For further details, including taxes per litre and a comparison of Sri Lanka’s fuel prices with regional countries, visit the Fuel Price Tracker. *Note: A 2% variation of the market price from the formula price is still considered consistent with the formula. This variation accounts for fluctuations in the actual purchase price of each fuel order, which result from varying supplier margins relative to the global market benchmark price.
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Sri Lanka moves closer to finalising debt restructuring with Japan
Sri Lanka’s Cabinet approved a debt restructuring agreement with JICA, following bipartisan negotiations and legal clearance, aiming to boost investor confidence and secure further international financial support....
2025-02-06
Daily FT
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ஆக தேர்வு செய்க
தலைப்பு
பட்ஜெட் 2021
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விவசாயம் மற்றும் நீர்ப்பாசனம்
சிவில் நிர்வாகம்
பாதுகாப்பு மற்றும் பொது ஒழுங்கு
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சமூக பாதுகாப்பு மற்றும் நலன்புரி
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தலைப்பு
Sri Lanka aims US$ 18.2bn in export revenue for 2025
Sri Lanka aims to achieve $18.2 billion in export revenue by 2025, with significant contributions from apparel, ICT, gems, and boat manufacturing, supported by reforms, FDIs, and a digital economy initiative.
2025-01-17
Daily Mirror
மேலும் வாசிக்க
Worker remittances cap highest in four years with US$ 6.6bn coming in
Sri Lanka's remittances in 2024 hit a record $6.58 billion, fueled by increased migration, festive season inflows, and improved exchange rate policies. ...
2025-01-15
Daily Mirror
மேலும் வாசிக்க
Government revenue surges 32% in 2024
Sri Lanka’s government revenue increased by 32.2% y-o-y to Rs. 3,650.9 billion by November 20...
2025-01-10
The Morning
மேலும் வாசிக்க
Per capita debt hits Rs. 1.3 m
Sri Lanka's public debt reached Rs. 29,150 billion in 2023, a 6.47% increase from 2022, with per capita debt rising to Rs. 1.32 million due to significant domestic and foreign borrowings. ...
2025-01-08
The Morning
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