Fuel price revision is likely tonight (04), sources report. The Ceylon Petroleum Corporation (CPC) indicates a possible adjustment despite the original plan for a revision at February's end.

Monthly amendments to fuel prices align with a pricing formula. Last revised on January 31, prices for octane 92 and 95 petrol, super diesel, and kerosene saw increases. President Ranil Wickremesinghe's recent proclamation deems electricity and petroleum services as essential since March 3, 2024.

In response, the Fuel Distributors’ Association criticizes CPC's intent to levy a 35% usage fee on monthly rebates. President Shelton Fernando expresses concerns over covering distribution expenses under this scheme.