No room for fuel price cut despite global price drop: Govt. (opens original article in a new tab)

Sri Lanka's government cannot reduce domestic fuel prices despite global price drops because it is still using fuel stocks bought at higher prices, with potential price reviews pending lower-priced imports.

• Deputy Minister Dr. Anil Jayantha Fernando stated that Sri Lanka cannot cut domestic fuel prices despite global price drops due to higher-priced fuel stocks.
• The government will review fuel prices once existing high-priced stocks are exhausted and lower-priced imports arrive.
• Fuel currently in use was imported months ago at significantly higher prices, delaying price reductions.