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November 2024 Fuel Price Update: Market Prices Hold Steady Amid Changes in Formula prices

Following the monthly fuel price revision on 01 November 2024, the market price of 92-octane petrol and the market price of auto diesel remained unchanged. However, the cost-reflective fuel formula prices for Petrol 92 decreased by LKR 2.02, while the formula price for auto diesel increased by LKR 1.84. See the Fuel Price Tracker 

For 92-octane petrol, the formula price, which changes in line with world market price changes, reduced by LKR 2.02 for the month of November. Making the market price LKR 17.51 above the formula price.  

For Auto diesel, the formula price rose by LKR 1.84 for November. However, the market price remained unchanged, reducing the excess of the market price over the formula price from LKR 22.18 to LKR 20.34.  

Additionally, the government also charges LKR 124.26 in taxes on 92-octane petrol and LKR 94.21 on diesel in November. With the exception of these taxes, the cost of selling a litre of 92-octane petrol is LKR 169.23 and LKR 168.45 for auto diesel.  

2024-11-06
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