The Hon. (Dr.) Anil Jayantha
Fuel prices for the next month are based on the previous month’s costs, with CPC dollar outflows expected to exceed US$ 500 million by end-May compared with the usual US$ 100–150 million. Dr. Anil Jayantha said recent fuel price increases of over 50 per cent are now affecting domestic prices, but noted that declines in crude and refined diesel prices and additional supply from reserve releases may ease pressures. He stated that any future price adjustments will depend on market movements and that no further immediate change has been decided.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Member, fuel prices for the coming month reflect previous-month prices. By end-May, CPC dollar outflows will exceed US$ 500 million; typically this is US$ 100–150 million. As I noted, fuel prices rose by over 50%, and the impact is now filtering through. We expect some easing as refined diesel (previously around US$ 280 per barrel) and crude prices have begun declining, and as reserve releases by certain organizations add supply. We will decide on any price adjustments based on market movements. No further immediate change has been decided yet.
Provenance
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- Hansard, Friday, 22 May 2026 ·No. 23666 ·English daily/uncorrected Hansard
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/lk/speeches/16937
Cite as: The Hon. (Dr.) Anil Jayantha. 10th Parliament, Parliament of Sri Lanka. Hansard, 22 May 2026. No. 23666. Politick, https://staging.politick.io/lk/speeches/16937