The Ceylon Petroleum Corporation (CPC) has cautioned that fuel prices are unlikely to decrease before September, despite recent declines in global market rates.

“In this month or next month, largely until September, a price reduction cannot be expected. Whether there is an increase, we cannot say at this moment. We are still studying that,” CPC Managing Director Mayura Neththikumarage told reporters today (29).

He explained that international oil prices are announced later today, with CPC typically reviewing them on the 31st of each month. However, since May 31 falls on a Sunday, the corporation will consider today’s global price update before making any decisions.

“Several rounds of discussions need to be held. At this time, we cannot say. Perhaps it remains at this level, or there is a slight increase, which needs to be studied. However, clearly, there will not be a large increase. There is no need to create unnecessary fear regarding this,” he added.

Neththikumarage noted that while prices have eased from earlier highs, they remain well above pre‑war levels. 

A barrel of diesel, which cost USD 290 in April, now trades between USD 140 and USD 150, compared to USD 80–90 before the war. “Fuel prices have decreased, but not to the level before the war,” he said.

The CPC has already finalized fuel orders through August, ensuring adequate supplies until September. 

“If we receive the fuel we have ordered, then we will have sufficient fuel stocks until September of this year. All orders have been finalized for August, which will also arrive in September,” Neththikumarage confirmed. (Newswire)

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A fuel tanker carrying thousands of metric tons of fuel arrived in Sri Lanka this morning, with unloading scheduled to begin later in the day, the Ceylon Petroleum Corporation (CPC) said.

CPC Managing Director Mayura Neththikumarage said the vessel carries 18,000 metric tons of diesel, 17,000 metric tons of petrol and 3,000 metric tons of super diesel.

He said all fuel shipments ordered by the corporation are arriving as scheduled, and arrangements have been made to distribute fuel to filling stations across the country.

Neththikumarage said fuel orders have already been placed for hundreds of filling stations under CPC, Lanka IOC, Sinopec and other distributors, and deliveries have begun to ensure stocks are available nationwide.

“As of today, the CPC has received 1616 orders, Lanka IOC 204 orders, SINOPEC 247 orders,  and RM Parks 248 orders. We have checked and commenced the deliveries of the orders,” he said. 

He added that steps have also been taken to supply fuel to bus depots to support public transport services, with fuel bowsers dispatched early this morning.

Meanwhile, the CPC Managing Director said technical teams are working to resolve issues faced by some motorists when registering for the Fuel QR system, adding that the problems are expected to be sorted out by today.

Neththikumarage also warned the public about fraudulent websites and accounts impersonating the official Fuel Pass platform in an attempt to collect personal data.

He urged the public to enter their details only through the official website, https://fuelpass.gov.lk, and not to share personal information on any other websites.

Authorities said scammers are attempting to collect personal data and use it to generate fuel QR codes under other names, which could prevent the rightful vehicle owner from registering.

The CPC urged the public to remain vigilant and use only verified official channels when registering for the government’s Fuel Pass system. (Newswire)

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