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Wahanaya Team · 10 days ago

Fuel Import Bill Up 51% This Year — Did All Those EVs and Hybrids Even Move the Needle?

Sri Lanka's fuel import bill for the first nine months of 2026 hit $4.49 billion, a jump of 51.5% over the same period last year, even as EV and hybrid registrations keep climbing and officials keep pointing to e-mobility as the fix for the import bill. Some say the math doesn't add up yet: petrol and diesel vehicle numbers are still rising faster than the EV/hybrid fleet can offset, and construction, power generation and industry burn fuel too, so cars alone were never going to move a $4.49b number. Others say give it time: a hybrid Aqua or a Vezel bought a couple of years ago is only now starting to pay back its fuel savings, EVs needed years to reach today's fleet size, and the real test is whether the bill keeps climbing in 2027 once this year's EV buyers are further into ownership. Petrol is already at Rs 424 and diesel at Rs 397, so every litre saved still matters to your own wallet even if it's a rounding error nationally. If you've switched to hybrid or electric, has it actually cut your fuel spend the way you expected, or did something else (AC use, longer commutes, electricity bills) eat the savings? ඔයාගේ හයිබ්‍රිඩ් එකෙන් හරියට ඉතුරුම් ලැබුණාද?
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