Sri Lanka Fuel Prices
The Ceylon Petroleum Corporation held fuel prices unchanged for August 2026, absorbing losses on diesel amid global market pressure, after a series of increases through July.
This page tracks Sri Lanka's monthly fuel price revisions as each one is announced.
At a glance
- August 2026 revision
- Prices held unchanged
- Set by
- Ceylon Petroleum Corporation (CPC)
- Revision cycle
- Monthly
- Previous change
- Increases in July 2026, including a petrol rise of more than Rs. 24 on 13 July
Latest revision
For the August 2026 cycle, the CPC left prices at their existing levels — a decision reported as relief for motorists and businesses after the previous month's rises, with the corporation absorbing losses on diesel rather than passing them on.
Recent history
- August 2026 — prices frozen; diesel losses absorbed by the CPC.
- 13 July 2026 — prices raised, with petrol up by more than Rs. 24.
- 5 July 2026 — a substantial increase reported at around 25 per cent, attributed to global pressures.
The July increases fed through into the cost of essential goods, prompting the Consumer Affairs Authority to step up market checks.
How prices are set
Retail fuel prices in Sri Lanka are revised on a monthly cycle. Announcements come from the Ceylon Petroleum Corporation, with pricing shaped by global crude and refined product costs, the rupee exchange rate, taxes and levies. Because the CPC can absorb or pass on movements, a change in world oil prices does not translate one-for-one into pump prices.
Latest Sri Lanka Fuel Prices news
- CPC Announces Midnight Fuel Price Hike Effective September 30
- Cabinet Greenlights Rs. 40.65 Billion Diesel Subsidy Package to Ease Fuel Costs for Three Months
- Sri Lanka Eyes Stable Diesel Prices at Upcoming Fuel Revision, Says Energy Minister
- Sri Lanka's Fuel Prices Fall Below Global Minimum Benchmarks, Raising Sustainability Concerns
- AKD Government to Roll Out Rs. 41 Billion Fuel Subsidy Over Three Months
- Electricity Tariff Relief Has No Fixed Timeline, Says Energy Minister
- Government Steps In to Shield Citizens From Rising Global Fuel Costs
- Sri Lanka Bound by 2022 Agreements That Bar Isolated Subsidies for Ceylon Petroleum Corporation, Minister Warns
- AKD Vows to Protect Public from Rising Fuel Costs Through Subsidies and Tax Relief in Upcoming Budget
- Sri Lanka Holds Fuel Prices Steady Despite Global Oil Surge Toward $100 Mark
- Rising Asian Fuel Prices Squeeze Sri Lanka's Petroleum Market
- Sri Lanka Weighs Fuel Price Revision Options, Says Energy Minister
Frequently asked questions
Did Sri Lanka change fuel prices in August 2026?
No. The Ceylon Petroleum Corporation held prices unchanged for August 2026 and absorbed losses on diesel.
How often are Sri Lankan fuel prices revised?
Retail fuel prices are revised on a monthly cycle, announced by the Ceylon Petroleum Corporation.
When did fuel prices last increase?
In July 2026. Prices rose in early July, and a further increase on 13 July raised petrol by more than Rs. 24.