Fuel market price has remained unchanged for 4 months despite formula price fluctuations, reports PublicFinance.lk, Sri Lanka’s premier platform for economic insights.
According to the PublicFinance.lk fuel price tracker, since December 2024, the market prices of 92-octane petrol and auto diesel have remained at Rs. 309 and Rs. 286 per litre, respectively, despite fluctuations in formula prices between January 2025 and March 2025.
The formula price of 92-octane petrol was Rs.298.85 in January 2025, rose to Rs. 307.53 in February, and reached Rs. 310.14 in March—an overall increase of Rs. 11.29 per litre.
As a result, where the formula price was Rs. 10.15 below the market price in January, it exceeded the market price by Rs. 1.14 in March.
Currently, the market price falls within a 2% range of the formula price, indicating that market prices are effectively on par with the formula price.
However, the market price of auto diesel, which was Rs. 2.14 lower than the formula price in February, is now Rs. 4.16 higher.
This change is due to a reduction in the formula price from Rs. 288.14 in February to Rs. 281.84 in March, while the market price remained unchanged.
As a result, auto diesel prices also fall within the 2% range, indicating alignment with the formula price.
For further details, including taxes per litre and a comparison of Sri Lanka’s fuel prices with regional countries, visit the Fuel Price Tracker. (Islandnews)
