Topics
Explore
Featured Insight
January 2025 Fuel Price Update: Market and Formula Price Comparison
On 01 January 2025, the market prices of 92-octane petrol and auto diesel remained unchanged. However, the Public Finance Fuel Price Tracker indicates that both fuel types continue to be priced above their respective formula prices. The current market price of 92-octane petrol is LKR 309.00 per litre, which is LKR 10.15 higher than the formula price, while auto diesel is priced at LKR 286.00 per litre, exceeding the formula price by LKR 15.99. This indicates that despite lower supply costs, the CPC continues to charge a higher price. A significant portion of fuel prices is driven by government-imposed taxes, including CID, Excise Duty, SSCL, and VAT. As of January 2025, these taxes amount to LKR 119.47 per litre for 92-octane petrol and LKR 93.27 per litre for auto diesel. Excluding these taxes, the underlying cost of selling 92-octane petrol is LKR 179.38 per litre, while auto diesel costs LKR 176.74 per litre. This means that taxes account for nearly 40% of the formula price for 92-octane petrol and approximately 35% of auto diesel. It is also important to note that, from January 2025 onwards, the Public Finance Fuel Price Tracker has implemented changes to its fuel formula price calculation methodology. Find more information on the revised methodology at Fuel Price Formula: Revised Methodology.
Featured Insight
January 2025 Fuel Price Update: Market and Formula Price Comparison
On 01 January 2025, the market prices of 92-octane petrol and auto diesel remained unchanged. However, the Public Finance Fuel Price Tracker indicates that both fuel types continue to be priced above their respective formula prices. The current market price of 92-octane petrol is LKR 309.00 per litre, which is LKR 10.15 higher than the formula price, while auto diesel is priced at LKR 286.00 per litre, exceeding the formula price by LKR 15.99. This indicates that despite lower supply costs, the CPC continues to charge a higher price. A significant portion of fuel prices is driven by government-imposed taxes, including CID, Excise Duty, SSCL, and VAT. As of January 2025, these taxes amount to LKR 119.47 per litre for 92-octane petrol and LKR 93.27 per litre for auto diesel. Excluding these taxes, the underlying cost of selling 92-octane petrol is LKR 179.38 per litre, while auto diesel costs LKR 176.74 per litre. This means that taxes account for nearly 40% of the formula price for 92-octane petrol and approximately 35% of auto diesel. It is also important to note that, from January 2025 onwards, the Public Finance Fuel Price Tracker has implemented changes to its fuel formula price calculation methodology. Find more information on the revised methodology at Fuel Price Formula: Revised Methodology.
Featured Insight
January 2025 Fuel Price Update: Market and Formula Price Comparison
On 01 January 2025, the market prices of 92-octane petrol and auto diesel remained unchanged. However, the Public Finance Fuel Price Tracker indicates that both fuel types continue to be priced above their respective formula prices. The current market price of 92-octane petrol is LKR 309.00 per litre, which is LKR 10.15 higher than the formula price, while auto diesel is priced at LKR 286.00 per litre, exceeding the formula price by LKR 15.99. This indicates that despite lower supply costs, the CPC continues to charge a higher price. A significant portion of fuel prices is driven by government-imposed taxes, including CID, Excise Duty, SSCL, and VAT. As of January 2025, these taxes amount to LKR 119.47 per litre for 92-octane petrol and LKR 93.27 per litre for auto diesel. Excluding these taxes, the underlying cost of selling 92-octane petrol is LKR 179.38 per litre, while auto diesel costs LKR 176.74 per litre. This means that taxes account for nearly 40% of the formula price for 92-octane petrol and approximately 35% of auto diesel. It is also important to note that, from January 2025 onwards, the Public Finance Fuel Price Tracker has implemented changes to its fuel formula price calculation methodology. Find more information on the revised methodology at Fuel Price Formula: Revised Methodology.
Featured Insight
January 2025 Fuel Price Update: Market and Formula Price Comparison
On 01 January 2025, the market prices of 92-octane petrol and auto diesel remained unchanged. However, the Public Finance Fuel Price Tracker indicates that both fuel types continue to be priced above their respective formula prices. The current market price of 92-octane petrol is LKR 309.00 per litre, which is LKR 10.15 higher than the formula price, while auto diesel is priced at LKR 286.00 per litre, exceeding the formula price by LKR 15.99. This indicates that despite lower supply costs, the CPC continues to charge a higher price. A significant portion of fuel prices is driven by government-imposed taxes, including CID, Excise Duty, SSCL, and VAT. As of January 2025, these taxes amount to LKR 119.47 per litre for 92-octane petrol and LKR 93.27 per litre for auto diesel. Excluding these taxes, the underlying cost of selling 92-octane petrol is LKR 179.38 per litre, while auto diesel costs LKR 176.74 per litre. This means that taxes account for nearly 40% of the formula price for 92-octane petrol and approximately 35% of auto diesel. It is also important to note that, from January 2025 onwards, the Public Finance Fuel Price Tracker has implemented changes to its fuel formula price calculation methodology. Find more information on the revised methodology at Fuel Price Formula: Revised Methodology.
Data
Reports
Acts and Gazettes
Insights
Dashboards
Annual Budget Dashboard
Budget Promises
Fiscal Indicators
Fuel Price Tracker
IMF Tracker
Infrastructure Watch
PF Wire
About Us
EN
English
සිංහල
தமிழ்
;
Thank You
Free and Open Access to
Public Finance Data and Analysis
Home
Topics
Expenditure
Expenditure
Insights and analysis of government expenditure.
Government introduces new expenditure and relief through supplementary budget
On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...
From The PF Wire
Source:
Daily News
Finance Minister to present fresh Budget for 2022-...
The Government is looking at the possibility of providing a relief package to the people prior to the traditional Sinhala and Tamil New Year, Finance Minister Basil Rajapaksa told the All-Party Conference (APC) yesterday. He said that he was...
Read More
Source:
Sunday Times
Government to prune welfare expenditure to tackle...
The government is to implement a stringent fiscal measure of pruning welfare expenditure for the needy population owing to rising cost of public sector pensions and salary payments while cutting down unnecessary spending of state institution...
Read More
Source:
Daily FT
Buddhika Pathirana alleges malpractice at Finance...
SJB MP Buddhika Pathirana, in Parliament on Wednesday once again castigated the Ministry of Finance for alleged mismanagement of State finances and inconveniencing the public.
Read More
Insight on Expenditure
New Government Recruitment Schemes: An i...
The Government has recently pledged to hi...
Allocation of Government Expenditure fro...
The Vote on Account from September to December was passed on the 28th of August 2020....
Background on Vote on Account
Today, 28 August 2020, is the last day of the debate in the Parliament...
The Money Spent on Parliament: Where doe...
In 2017, LKR 2,841 Million was spent on P...
The Fiscal Impact of Manifesto Promises
Political par...
Government expenditure on elections (201...
The Election Commissioner recently stated that the cost of the 2020 Ge...
Allocation of Government expenditure fro...
On 31st May 2020, the government issued a circular allocating funds for the perio...
Allocation of Government Expenditure fro...
On 10th March 2020, the government issued a circular a...
Sri Lanka’s COVID-19 relief compared to...
In March, the Government of Sri Lanka ann...
page
5
of
7
‹
1
2
...
5
...
6
7
›
Featured
Sri Lanka met 25% of IMF commitments and failed 1...
Sri Lanka had met 25% of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of March 2023 but had failed on one, according to 'The IMF Tracker', a new online tool launched by Verit&ea...
Read More
Sri Lanka failed 2 IMF commitments & met 25 by en...
An IMF Programme usually has four main types of commitments: a) Prior Actions - These are steps a country agrees to take before the IMF approves financing or completes...
Read More
National Budget Process in 60 Seconds!
The video below describes the National Budget process from planning to oversight. There are 4 steps to the whole process and is carried out between January and December.
Read More
