Autos queue at a gasoline station as considerations develop over gasoline provide following U.S.-Israel battle with Iran, in Ratnapura, Sri Lanka. File
| Photograph Credit score: Reuters
Sri Lanka has elevated retail gasoline costs by over 8% with impact from Monday midnight (March 10, 2026) in a bid to curb hoarding and panic shopping for amid rising international crude oil costs, officers mentioned on Tuesday.
The value revision comes as international crude oil costs crossed $100 per barrel for the primary time in 4 years following escalating tensions in West Asia.
Israel-Iran warfare LIVE updates – March 10
Below the newest revision, the costs of extensively used petrol and diesel varieties have been elevated by LKR 22 per litre, the state-run Ceylon Petroleum Company (CPC) mentioned.
The transfer is aimed toward curbing hoarding and panic shopping for, it mentioned.
“Now we have seen heavy consumption for the reason that information of the Center East warfare scenario,” a CPC official mentioned.
Lengthy queues have been seen exterior gasoline stations since February 28 after hostilities intensified following U.S.-Iran strikes in opposition to Iran, triggering fears of provide disruptions.
The CPC mentioned Sri Lanka presently has ample gasoline shares to final till the tip of April.
Revealed – March 10, 2026 11:23 am IST