Sri Lanka Raises Fuel Prices Despite Month-Long Stocks, Sparking Transparency Debate
COLOMBO, Sri Lanka — March 10, 2026 Sri Lanka’s decision to raise fuel prices this week, despite government assurances that the country holds more than a month’s supply of petroleum products, has sparked renewed debate about how domestic fuel prices are determined and how transparent the system is. The state-run Ceylon Petroleum Corporation (CPC) announced the increase effective from midnight on March 9. Under the revised rates, Petrol 92 Octane rose by 24 rupees to 317 rupees per litre, whil
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