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| | |Fuel Currency=LKR | | |Fuel Currency=LKR |
| | |Fuel Price Exchange Rate=111.543 | | |Fuel Price Exchange Rate=111.543 |
| − | |Fuel Price Exchanre Rate Date=2010/11/17
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| − | |Fuel Price Last Updated=
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| − | |Fuel Price Composition Date=
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| | |Fuel Price Composition Annotation=No information available. | | |Fuel Price Composition Annotation=No information available. |
| | |Fuel Pricing Policies=There are only two major fuel distribution companies in Sri Lanka: Ceylon Petroleum Company (CPC) and Lanka IOC, a subsidiary of Indian Oil Company. | | |Fuel Pricing Policies=There are only two major fuel distribution companies in Sri Lanka: Ceylon Petroleum Company (CPC) and Lanka IOC, a subsidiary of Indian Oil Company. |
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| | As of May 2011, still no fuel price formula came into effect again. Prices are set by CPC, in accordance with the government, changing only a few times a year. However, several experts and politicians strongly recommend installing a formula again, to prevent oil companies from having huge losses and also the customers from the intransparent arbitrariness of fuel pricing (→App. A3). | | As of May 2011, still no fuel price formula came into effect again. Prices are set by CPC, in accordance with the government, changing only a few times a year. However, several experts and politicians strongly recommend installing a formula again, to prevent oil companies from having huge losses and also the customers from the intransparent arbitrariness of fuel pricing (→App. A3). |
| | | | |
| − | CPC publishes fuel prices incl. historic fuel prices on their website (www.ceypetco.gov.lk). | + | CPC publishes fuel prices incl. historic fuel prices on their website (http://www.ceypetco.gov.lk). |
| | | | |
| | No further official information could be found, hints welcome! | | No further official information could be found, hints welcome! |
| − | |Fuel Matrix Price Level=2
| |
| | |Fuel Matrix Pricing Mechanism=2 | | |Fuel Matrix Pricing Mechanism=2 |
| | + | |Fuel Matrix Price Level=2 |
| | |Fuel Transparency Price Composition=1 | | |Fuel Transparency Price Composition=1 |
| | |Fuel Transparency Pricing Mechanism=2 | | |Fuel Transparency Pricing Mechanism=2 |
Revision as of 15:29, 11 December 2012
Part of: GIZ International Fuel Price database
Also see: Sri Lanka Energy Situation
Fuel Pricing Policies
| Local Currency:
|
LKR
|
| Exchange Rate:
|
111.543
|
| Last Update:
|
|
There are only two major fuel distribution companies in Sri Lanka: Ceylon Petroleum Company (CPC) and Lanka IOC, a subsidiary of Indian Oil Company.
In 2002, Sri Lanka introduces a fuel price formula, updating prices monthly and following international prices. A few years later, this formula was abandoned by a new president. In 2007, the government decided to re-install a fuel price formula (→App. A1). However, also this formula did not last long, being rejected through Sri Lankas Supreme Court in late 2008 (→App. A2, A4).
As of May 2011, still no fuel price formula came into effect again. Prices are set by CPC, in accordance with the government, changing only a few times a year. However, several experts and politicians strongly recommend installing a formula again, to prevent oil companies from having huge losses and also the customers from the intransparent arbitrariness of fuel pricing (→App. A3).
CPC publishes fuel prices incl. historic fuel prices on their website (http://www.ceypetco.gov.lk).
No further official information could be found, hints welcome!
Fuel Prices and Trends
|
Gasoline 95 Octane |
Diesel |
| in USD* |
|
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
No information available.
At a Glance
| Regulation-Price-Matrix
|
Transparency of
Price Composition
|
Transparency of Pricing
Mechanism / Monitoring
|
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Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
This is a living document. If you have any comments or suggestions, please feel free to contact us:
Armin.Wagner@giz.de
