Sri Lanka reduces fuel prices after Middle East ceasefire

UAE petrol and diesel prices for July 2026 announced

Since the outbreak of the war on February 28, retail fuel prices in the UAE have been on the rise, jumping more than 60 per cent. There were strong expectations that prices will drop in July

Sri Lanka reduces fuel prices after Middle East ceasefire

Sri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in the import-dependent nation.

Fuel consumers’ serious concerns

Wednesday 1st July, 2026 The Ceylon Petroleum Corporation (CPC) has reduced the prices of petrol 92 Octane and auto diesel marginally by Rs. 20 per litre and Rs. 25 per litre, respectively, though global oil prices are hovering near USD 70 (WTI) to USD 73 (Brent) per barrel almost at the pre-Iran war level. Regular petrol and auto diesel are now priced at Rs. 414 per litre and Rs 382 per litre, respectively. Sri Lanka’s oil pricing follows a ro…

Sri Lanka Cuts Fuel Prices by Six Percent

Sri Lanka has cut fuel prices by up to six percent, marking the first reduction since the Middle East conflict triggered a surge in global energy prices in the import-dependent nation. On Tuesday, the state-run Petroleum Corporation said it will lower diesel by 25 rupees a litre to 382 rupees ($1.15), while petrol was lowered by 20 rupees to 414 rupees. The reduction follows a sharp fall in international energy prices after the United States (US…