Cabinet approves fuel price stabilisation

The government implemented strategies to manage economic shocks and impacts on daily life caused by the ongoing conflict in the Middle East. Considering the essential nature of 92 Octane Petrol and Auto Diesel for public and common transport, the Cabinet approved a proposal to intervene in market pricing starting March 22, 2026.

Under this plan, if the import cost exceeds the declared retail price, the government will pay suppliers up to 20 rupees per litre for 92 Octane Petrol and up to 100 rupees per litre for Auto Diesel. This measure aims to control price hikes and provide direct relief to the public. The President, in his capacity as the Minister of Finance, Planning and Economic Development, presented the proposal to the Cabinet for approval.