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Diesel prices have reached a record high of more than 180p per litre, new figures show. Data firm Experian Catalist said the average price per litre on Sunday was 180.3p per litre.
Diesel prices have risen to their highest levels since March and are showing no immediate signs of easing their upward trend. The national price of diesel was at $4.38 per gallon as of Monday, $0. ...
Sri Lanka, from 3 November 2017 until 11 November 2017, faced a fuel shortage when a substandard fuel shipment was rejected which caused a depletion in reserves due to the general public fearing of a prolonged duration of crisis. However, there was only a shortage of petrol not diesel or kerosene.
Diesel supplier Mansfield Energy is warning of increased diesel prices in the weeks and months ahead, with costs high enough to price out some consumers and make shipping more expensive.
The fuel shortfalls have also led to long lines at petrol and diesel stations over the past months. IOC supply is supported by an Indian Line of Credit of US$500 million. [7] In August 2022 Sri Lanka's Ministry of Power and Energy has authorised the establishment of 50 new fuel stations by Lanka IOC. [8]
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka, it is the largest oil company in Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. [4]
RAC analysis found retailers’ average profit margins for a litre of petrol and diesel are currently 11p and 8p respectively. In the month up to the duty cut it was 9p for petrol and 6p for diesel.
Diesel & Motor Engineering PLC, commonly abbreviated as DIMO, is a Sri Lankan conglomerate company. The company engaged in vehicle sales, after-sales services, retail, construction and logistics solutions and agriculture sectors. The company was founded in 1939 and was listed on the Colombo Stock Exchange in 1964.