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Aviation fuel price surge may push up airfares

Aviation fuel price surge may push up airfares

13 Mar 2026 | BY Staff Writer

The price of aviation fuel in Sri Lanka has been increased to reflect the sharp rise in global fuel prices, caused by ongoing geopolitical tensions in the Middle East. 


Mayura Netthikumara, Managing Director of the Ceylon Petroleum Corporation, explained that this adjustment was essential due to the current military situation in the region. 


He stated that the price of a barrel of aviation fuel, which was $93.57 on the 27th, has now surged to $209, marking a significant increase.


In response to this development, Deputy Minister of Ports and Civil Aviation, Janitha Ruwan Kodithuwakku, announced that steps will be taken to raise air ticket prices in Sri Lanka to offset the increased costs of aviation fuel. 


He emphasized that the rise in ticket prices would be implemented in line with the escalation in fuel prices, ensuring that airlines can sustain operations amid the current economic pressures.


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