He said Sri Lanka currently has fuel stocks sufficient for about 30 days, but the cost of upcoming fuel shipments for next month is rising sharply in the world market.
Netthikumara added that prices were adjusted early to manage existing stocks carefully, prevent hoarding and queues, and ensure the public can purchase fuel at a stable price over a longer period.
He further noted that if global market prices decline in the coming days, local fuel prices could be reduced.
According to the monthly price revision, the Ceylon Petroleum Corporation revised fuel prices on March 1, but all fuel prices were increased again on the night of March 9.
