Ceypetco and Lanka IOC fuel prices increased in high Brent crude price

Monday, 02 October 2023 10:15

Ceypetco and Lanka IOC fuel prices increased in high Brent crude price ^Featured

Brent crude oil price rose US $1.82, or 1.98%, to settle at $93.70, after touching $93.89, its highest since November 2022, has prompted the Ceylon Petroleum Corporation (CEYPETCO) and Lanka IOC to increase fuel prices in accordance with the cost effective price formula.

The Ceylon Petroleum Corporation (CEYPETCO) has increased its retail fuel prices with effect from midnight yesterday (Oct. 01).

Accordingly, the price of 92 Octane Petrol is to increase by Rs. 04 per litre, while the price of 95 Octane Petrol will be increased Rs. 03 per litre.

The price of Super Diesel has also been increased by Rs. 62, bringing the new price to Rs. 421.

However, the price of Auto Diesel has been increased by Rs. 10, bringing the price to Rs. 351 per litre.Meanwhile, the price of Kerosene has also been increased by Rs. 11 per litre. The new price of Kerosene will be Rs. 242 accordingly.

Meanwhile Lanka IOC says they too has increased their fuel prices in line with the revised Ceypetco prices, with effect from midnight yesterday .

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