Today Diesel Price In Sri Lanka
Today Diesel Price in Sri Lanka
The Current Price of Diesel in Sri Lanka
As of 1st September 2023, according to the Ceylon Petroleum Corporation (CPC), the current price of diesel in Sri Lanka is LKR 425.00 per liter.
Factors Affecting Diesel Prices in Sri Lanka
The price of diesel in Sri Lanka is determined by several factors, including:
- Global crude oil prices
- Government taxes and subsidies
- Currency exchange rates
- Supply and demand
The global crude oil market is the primary determinant of diesel prices, as diesel is derived from crude oil.
Government Regulations and Taxes
The government of Sri Lanka imposes various taxes and subsidies on diesel, which affect its price. The government may adjust these taxes and subsidies to manage inflation or stabilize the economy.
Currency Exchange Rates
As Sri Lanka imports diesel, the exchange rate between the Sri Lankan rupee and foreign currencies, particularly the US dollar, also influences diesel prices.
Supply and Demand
The supply of diesel in Sri Lanka can be affected by factors such as production, imports, and exports. Changes in supply and demand can also impact prices.
Historical Diesel Prices in Sri Lanka
The price of diesel in Sri Lanka has fluctuated over time. In the past, it has been affected by global oil price shocks, economic conditions, and government policies.
Impact of Diesel Prices on Sri Lanka's Economy
Diesel is an essential fuel for transportation, industry, and agriculture in Sri Lanka.
Monitoring Diesel Prices in Sri Lanka
The CPC regularly updates the price of diesel in Sri Lanka. You can find the latest prices on the CPC website or through other credible sources.
Additional Information
For more information on diesel prices in Sri Lanka, you may want to refer to the following resources:
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