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Fuel dealers challenge CPC's Rs. 36.4 b profit, allege margin cuts and lack of pricing transparency
Daily FT
|May 04, 2026
THE Ceylon Petroleum Corporation (CPC) has come under scrutiny from fuel dealers, who have raised concerns over the reported Rs. 36.4 billion profit for 2025, as disclosed in the latest report of the Central Bank of Sri Lanka (CBSL).
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The Petroleum Dealers’ Association has alleged that the profit figure includes revenue generated through what it describes as “unlawful deductions” from dealer margins implemented during 2025. According to the Association, since the establishment of the CPC the move has significantly impacted the financial viability of dealers, making it increasingly difficult to sustain operations. It warned that nearly 200 cooperative fuel stations operating as CPC dealers, along with a considerable number of rural filling stations, are now at risk of closure.
The matter has reportedly been brought to the attention of President Anura Kumara Dissanayake.
Fuel dealers also pointed to the Cabinet-approved pricing formula introduced on 29 November 2022 under reference No. 22/1876/604/706, which was designed to facilitate the entry and stabilisation of international oil companies in Sri Lanka’s fuel market.
This story is from the May 04, 2026 edition of Daily FT.
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