Sri Lanka’s Energy Minister explains reason for no Diesel price reduction
Sri Lanka’s Power and Energy Minister Kanchana Wijesekera
The price of diesel was not reduced during the recent fuel price revision as only a profit of one rupee was being made per litre, Sri Lanka’s Minister of Power & Energy Kanchana Wijesekera on Monday (October 03) revealed to Parliament.
“When we compare our import prices with the Singapore Average Price we were making a loss of Rs. 30/- per litre of Diesel. However, when we revised the prices there was no loss. We have started making a profit of Rs. 1/- per Litre of Diesel. However, we cannot drop prices by more than Rs. 10/-. If we do that, we will not have money to purchase fuel for future needs,” said the Minister in response to a question posed by Samagi Jana Balawegaya (SJB) Polonnaruwa District MP Kins Nelson.
The Minister said Ceylon Petroleum Corporation (CEYPETCO) was able to reduce the price of Petrol because it was making a profit of Rs. 70/- per litre.
Given the development, the government will be able to make another price revision in two weeks, revealed the Minister.
Latest Headlines in Sri Lanka
- Sri Lanka holds urgent talks with Russian Ambassador to secure fuel supply March 13, 2026
- CIABOC completes probe into Shasheendra Rajapaksa corruption case March 13, 2026
- Two Trincomalee Fire officers arrested over bribe for safety certificate March 13, 2026
- Community correction officer arrested over Rs. 10,000 bribery allegation March 13, 2026
- Sri Lanka welcomes over 623,000 tourists in first two months of 2026 March 13, 2026
