CPC Assures Stable Fuel Supply, No Immediate Price Hikes Amid Global Volatility

The Ceylon Petroleum Corporation (CPC) has reassured the public regarding the nation's fuel supply and pricing stability. Amidst a significant rise in global crude oil prices, which have exceeded US$100 per barrel due to Middle East tensions, CPC Chairman D. J. Rajakaruna stated that there will be no immediate increase in domestic fuel prices. The corporation is currently studying potential revisions to local fuel prices in line with international market fluctuations. Further discussions with the government are planned to determine future pricing strategies. Earlier reports also confirmed sufficient fuel reserves and ongoing crude oil shipments to ensure uninterrupted supply.