ECONOMYNEXT – Sri Lanka’s state-run Ceylon Petroleum Company (CPC) decreased the costs of broadly used White Diesel and Octane 92 by Rs. 2 every amid falling international oil costs and rupee depreciation.
The CPC decreased the worth of White Diesel to Rs. 277 and Octane 92 to Es. 292.
The worldwide oil market was characterised by a protracted bearish development in December 2025, with costs reaching their lowest month-to-month averages since early 2021. The interval was outlined by a big international provide glut that overwhelmed geopolitical dangers and seasonal demand.
By late December and early January 2026, the market started to shift barely upward as geopolitical tensions between the U.S. and Iran escalated, however the structural surplus remained the dominant theme for the yr’s finish.
Regionally, Sri Lanka’s rupee has been on a falling development in December.
The CPC decides the native gas costs according to a pricing components.
Although the worth components was launched to create a contest among the many market gamers, different two gas retailers, Lanka IOC and Sinopec additionally observe the CPC’s worth. (Colombo/February 01/2026)
