📈 CPC Records Rs. 36.4 Bn Profit in 2025 Amid Pricing Reforms

The Ceylon Petroleum Corporation (CPC) sustained its recovery for the third consecutive year, driven by cost-reflective pricing and favorable global market conditions, according to the Central Bank's 2025 Annual Economic Review. • Financial Performance The CPC posted a net profit of Rs. 36.4 Bn in 2025, a slight increase from the Rs. 34.2 Bn recorded in 2024. Outstanding foreign currency debt stood at US$ 252 Mn by year-end. • Global Oil Trends Global crude oil prices trended downward in 2025. The average Brent crude price fell by 14.5% to $68.25 per barrel. Consequently, the average import price for the CPC dropped by 13.5% to$ 73.22 per barrel. • Domestic Market Impact Lower global costs allowed for domestic price reductions. By end-2025, Petrol 92, Auto Diesel, and Kerosene prices were reduced by Rs. 15, Rs. 9, and Rs. 8 respectively compared to 2024. • Demand and Economic Outlook Petroleum sales volumes grew by 7.4% YoY, signaling a recovery in economic activity and transport sectors. • Recent Volatility Despite 2025's stability, geopolitical tensions in the Middle East caused a price spike in March 2026, leading to emergency price hikes outside the standard monthly mechanism.