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Fuel suppliers’ max profit margin is 4% per litre: Kanchana

Fuel suppliers’ max profit margin is 4% per litre: Kanchana

08 Sep 2023

Minister of Power and Energy Kanchana Wijesekera has emphasised that the maximum profit margin allowed for any fuel supplier is 4% per litre as in the fuel price formula that has been adopted.

Taking to the social media platform X (formerly Twitter), Wijesekera stated that he has tabled the fuel cost breakdown of the Ceylon Petroleum Corporation, the Lanka Indian Oil Corporation, and Sinopec following the price revision implemented on 1 September.

In addition, he asserted that the maximum retail price for fuel has been set by the Ministry of Power and Energy every month and that any supplier can sell their products below the maximum price.



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