Sri Lanka's state petroleum corporation has announced price reductions for furnace oil and naphtha, effective from September 4, 2026, with the power minister indicating the savings may be reflected in upcoming electricity tariffs.
The Ceylon Petroleum Corporation (CPC) has reduced the prices of furnace oil and naphtha, according to an announcement by Managing Director Mayura Neththikumara. The price of furnace oil has decreased by 38 rupees per litre, bringing it down from 248 rupees to 210 rupees. Naphtha prices have fallen by 35 rupees per litre, from 210 rupees to 175 rupees, effective from midnight on September 4.
Power and Energy Minister Anura Karunathilaka stated that the government intends to pass the benefits of these reductions to the public. According to the minister, the savings achieved through lower fuel costs will be reflected in the upcoming revision of electricity tariffs, potentially providing relief to consumers across the utility sector.
The timing of the price adjustments suggests a response to movements in global petroleum markets, though the source articles do not detail the underlying factors driving the reduction.