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
- Sri Lanka's Inflation Climbs to 8% as Rising Energy Costs Squeeze Households
- Crude Oil Prices Surge Over 3% as US-Iran Military Tensions Escalate in Strait of Hormuz
- Three-Wheeler Fares Stay Put Even as Petrol Prices Fall, Operators Confirm
- Fuel Relief for Sri Lankans as CEYPETCO Slashes Petrol Prices From Midnight
- Ceypetco Slashes Petrol 95 Price by Rs. 20 in Midnight Revision
- FitsAir Scales Back Operations with Route Cuts and Staff Redundancies
- Trump Claims Strait of Hormuz as 'American Territory' Amid Military Presence
- South Asian Economies Better Equipped to Weather New Oil Price Shock, Analysis Shows
- Grama Niladhari Officers Launch Sick-Note Protest Over Stagnant Rs. 600 Transport Allowance
- CPC Holds Fuel Prices Steady for August, Bringing Relief to Motorists and Businesses
- Sri Lanka Freezes Fuel Prices for the Month, Absorbs Diesel Losses Amid Global Market Turbulence
- United States Launches Major Military Strikes Against Iran Amid Escalating Tensions
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.