Fuel Pricing Transparency Questioned Amid Allegations of Inflated Cost Assumptions 📈

Opposition MP Dr. Harsha de Silva has challenged the government’s current fuel pricing mechanism, alleging a lack of transparency and the use of "hypothetical" data in determining retail rates. • Pricing Discrepancies: Back-calculations suggest retail prices are based on assumed global oil prices of US$ 130/barrel for Petrol 92 and US$ 180/barrel for Auto Diesel. • Subsidy Claims: The MP alleges that "hypothetical" subsidies—approximately Rs. 20 for petrol and Rs. 100 for diesel—are being factored into the pricing structure despite a lack of evidence for these actual costs. • Call for Disclosure: Demands have been made for the Ceylon Petroleum Corporation (CPC) to disclose actual landed costs and specific tax components to ensure public accountability. • Policy Consistency: The critique highlights a selective application of the pricing formula, noting the current administration’s previous opposition to similar mechanisms. The MP urges a return to clearer explanations of pricing decisions to stabilize the energy sector and protect consumer interests.