COLOMBO, July 31, 2025 —
Sri Lanka’s fuel prices will remain unchanged for the month of August, the Ceylon Petroleum Corporation (CPC) announced today. This marks a pause in a series of recent price fluctuations, offering some relief to consumers amid ongoing economic challenges.
The decision follows a period of relative stability in global crude oil markets, which has allowed the CPC to maintain current retail rates without adjustments.
A Welcome Respite for Consumers
For many Sri Lankans, who have faced rising living costs, the announcement is a welcome reprieve. “Keeping fuel prices steady helps a lot,” said Ruwan, a daily commuter in Colombo. “It means less pressure on transport costs and everyday expenses.”
Despite the temporary hold, experts caution that prices remain vulnerable to global supply disruptions and currency fluctuations, which could necessitate changes in the future.
Current Fuel Prices and Review Cycle
As of August 1, petrol 92 octane is priced at LKR 305 per litre, petrol 95 at LKR 341 per litre, auto diesel at LKR 289 per litre, super diesel at LKR 325 per litre, and kerosene at LKR 185 per litre.
The CPC uses a fuel pricing formula that considers global oil prices, shipping costs, exchange rates, and local taxes. The next price review is scheduled for the end of August, when adjustments may be made depending on market conditions.
Economic Implications
Fuel costs significantly influence transportation and commodity prices, meaning stable fuel prices can help moderate inflationary pressures in Sri Lanka’s economy. However, ongoing economic challenges, including currency volatility and global energy market uncertainties, remain factors to watch.
Sri Lankans are encouraged to stay informed through official updates as the government continues to monitor global developments closely.
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