Part of: GIZ International Fuel Price database
Also see: Sri Lanka Energy Situation
Fuel Pricing Policies
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LKR
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| Exchange Rate:
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111.543
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| Last Update:
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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 (www.ceypetco.gov.lk).
No further official information could be found, hints welcome!
Fuel Prices and Trends
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Gasoline 95 Octane |
Diesel |
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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
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Transparency of
Price Composition
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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
