Live Fuel Prices

Sri Lanka relies on imported refined petroleum products and crude oil, making domestic pump prices directly dependent on international benchmarks such as Brent and West Texas Intermediate (WTI). Retail pricing under CEYPETCO and Lanka IOC is adjusted using a monthly pricing formula. This calculation integrates the landed cost of fuel—determined by global benchmark prices—with local customs duties, taxes, operational margins, and the prevailing USD to LKR exchange rate. Because refined imports are transacted in US dollars, both international market movements and local currency performance dictate the final cost structure at the pump. This mechanism was visibly demonstrated during the 2022 economic crisis. A sharp rise in global oil prices coincided with a significant depreciation of the Sri Lankan Rupee against the US Dollar. The combined impact of elevated international benchmark rates and higher foreign exchange acquisition costs led to steep, sequential increases in domestic fuel prices, illustrating how external market shocks directly transmit to local consumers. Rs. 434.00 per litre is the current retail price for Petrol 92 Octane, while Auto Diesel stands at Rs. 407.00 per litre. Data for current Brent crude prices, WTI crude prices, and 30-day global price trends are presently unavailable. In the absence of live international benchmark data, the precise landed cost trajectory for upcoming pricing cycles cannot be determined, leaving the current retail figures anchored to the parameters established during the latest domestic cost revision.