Private Fuel Firms Push for Diesel Price Hike as Losses Soar

Report Summary

Private fuel suppliers in Sri Lanka are calling for a diesel price hike, reporting losses of Rs. 100 to Rs. 163 per litre due to global energy market turmoil and the discontinued government subsidy. The Ceylon Petroleum Corporation denies any fuel shortage, managing diesel losses through refinery profits, while the Ministry of Energy confirms ongoing discussions with stakeholders to resolve the pricing issue.