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The Ceylon Petroleum Corporation (CPC) has announced a revision of fuel prices, effective from midnight on November 30, 2024. The update includes both reductions and increases across specific fuel categories, while prices for some fuels remain unchanged.
Revised Fuel Prices
- Petrol 92: Price reduced by Rs. 2, bringing the new price to Rs. 309.
- Auto Diesel: Price increased by Rs. 3, making the new price Rs. 286.
- Kerosene: Price increased by Rs. 5, with the new price set at Rs. 183.
- Petrol 95: Price remains unchanged at Rs. 371.
- Super Diesel: Price remains steady at Rs. 313.
Consumer Impact
The revised prices are expected to have varying impacts:
- Transport Costs: The increase in Auto Diesel and Kerosene prices may raise transportation and living expenses, particularly for users reliant on these fuels.
- Vehicle Owners: A slight relief comes from the reduction in Petrol 92 prices, benefiting a significant segment of vehicle owners.
Reasons Behind the Revision
While the CPC has not disclosed specific reasons for these adjustments, fuel price changes typically reflect:
- Global Oil Market Trends: Fluctuations in crude oil prices influence local pricing.
- Exchange Rate Movements: Changes in the Sri Lankan rupee's value can affect import costs.
- Local Economic Factors: Inflation and government policies also play a role in pricing decisions.
Staying Informed
Consumers are encouraged to monitor CPC’s official channels for further updates on fuel prices and related announcements.
Conclusion
The latest fuel price revision highlights the dynamic nature of the energy market in Sri Lanka. With both increases and reductions, the adjustments reflect broader economic considerations and are expected to influence daily expenses for households and businesses alike.
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