Fuel price adjustment possible by end of September, minister signals

Energy Minister Anura Karunathilaka signalled on Tuesday that a review of fuel prices may be undertaken by the end of September, citing renewed pressure from rising global energy costs.

Addressing an event in the Galle district, Karunathilaka acknowledged that current domestic fuel prices are already at elevated levels, suggesting authorities are carefully monitoring the situation before making any adjustments.

The minister's comments reflect the government's balancing act in managing fuel costs while responding to international market fluctuations. Global crude oil prices have shown renewed upward momentum in recent weeks, creating pressure on countries dependent on fuel imports like Sri Lanka.

Any potential price revision would come at a sensitive time for Sri Lanka's economy, as households and businesses grapple with the impact of recent price increases across multiple sectors. The government has previously adjusted fuel prices incrementally to reflect international market movements while attempting to cushion domestic economic impacts.