⛽ CPC Confirms Sufficient Fuel Stocks Until End-July

The Ceylon Petroleum Corporation (CPC) has assured that Sri Lanka has adequate fuel stocks to meet domestic demand until late July, dismissing public concerns over shortages and sharp price hikes amid global market volatility. • Current Supplies: All scheduled fuel shipments for May have safely arrived. Two additional crude oil shipments are set to dock on May 28 and May 31 to continuously support refinery operations. • Price Stability: No sharp near-term fuel price increases are expected, though reductions are also unlikely under current conditions. Speculative consumer rushing to filling stations is unnecessary. • Global Trends: Global diesel prices, which spiked in April, are now gradually declining. This easing trend has significantly reduced the pressure for an upward revision in domestic retail fuel prices.