Ministry explains private fuel price flexibility and plans 72 CPC stations

Private fuel suppliers in Sri Lanka can adjust prices within limits set by an approved pricing framework, the Energy Ministry secretary said, explaining increases in Octane 95 petrol and Super Diesel despite government support for suppliers.

Secretary G.M.R.D. Aponsu said private operators had told the government they could not absorb losses during sharp movements in global fuel prices. Suppliers are still required to maintain minimum stocks and continue releasing fuel under existing rules.

He said the government plans to add 72 filling stations to the Ceylon Petroleum Corporation network as part of efforts to improve competition and supply stability. The additional stations are a proposed expansion, not an already completed network.