Sri Lanka’s Ministry of Energy has disclosed the Ceylon Petroleum Corporation’s (CPC) fuel cost structure, revealing heavy losses on imported stocks consumed in May.
Advocata Institute Chairman Murtaza Jafferjee, posting on X, underscored the scale of the deficits even before subsidies are factored in.
According to the figures, CPC incurs a loss of approximately Rs. 35 per litre on Petrol 92, Rs. 367 on Auto Diesel, and Rs. 325 on Kerosene.
Jafferjee noted that Kerosene carries no tax component, meaning the entire shortfall translates directly into losses.
For Auto Diesel, the total tax per litre is around Rs. 163. Even after offsetting this against the pricing gap, the net loss remains at roughly Rs. 162 per litre.
Petrol 92, despite a Rs. 35 per litre loss, has a tax component of about Rs. 101, partially cushioning the deficit.
“These figures highlight the magnitude of CPC’s financial strain,” Jafferjee said, adding that transparency on fuel costs is vital to understanding the burden on the economy. (Newswire)
