The Hon. Kumara Jayakody - Minister of Energy
Minister Kumara Jayakody stated that the March fuel price revision was driven by global war-related market conditions and that the Government absorbed about Rs. 100 per litre on diesel and Rs. 20 per litre on Octane 92 as relief. He said the Government would continue providing relief while maintaining uninterrupted supply, noting constraints including the CPC’s inherited Rs. 884 billion debt, its 57 per cent market share, and pricing demands from private operators.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Speaker, the Hon. Leader of the Opposition seeks clarification, but appears unaware that, during the March price revision triggered by global war-related market conditions, the Government absorbed about Rs. 100 per litre on diesel and Rs. 20 per litre on Octane 92 as relief. Though not visible due to overall increases, these cushions were provided. We will continue to grant relief while ensuring uninterrupted supply. Those who left CPC with a Rs. 884 billion debt now speak of relief; the public should understand the realities. With only 57% of the market, we must also account for higher price demands by private operators. We are managing prices, supplies and risks in the public interest.
¶ 02 Thank you.
Provenance
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- Hansard, Tuesday, 7 April 2026 ·No. 23476 ·English daily/uncorrected Hansard
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Cite as: The Hon. Kumara Jayakody - Minister of Energy. 10th Parliament, Parliament of Sri Lanka. Hansard, 7 April 2026. No. 23476. Politick, https://staging.politick.io/lk/speeches/512