CPC says fuel stocks sufficient until end-July

Wednesday, 27 May 2026 00:00 - - {{hitsCtrl.values.hits}}

The Ceylon Petroleum Corporation (CPC) yesterday said Sri Lanka has sufficient fuel stocks to meet domestic demand until the end of July, amid heightened public concern over possible fuel price increases and supply disruptions linked to global market volatility.

CPC Managing Director Dr. Mayura Neththikumarage said two additional crude oil shipments are scheduled to arrive in the country on 28 and 31 May to support refinery operations and maintain fuel availability in the coming months.

He said all expected fuel shipments for this month had already arrived in Sri Lanka and assured that there was no fuel shortage in the country.

Commenting on fuel pricing, Dr. Neththikumarage said a sharp increase in domestic fuel prices was not expected in the near term, although a reduction was also unlikely under prevailing market conditions.

He noted that some consumers had rushed to filling stations following speculation over a possible price revision, but stressed that no decision had been taken to increase fuel prices.

Dr. Neththikumarage further said global diesel prices, which had risen in April, were now showing a gradual decline, easing pressure for a significant upward revision in domestic fuel prices that had earlier been anticipated.