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Wahanaya Team · 18 days ago

Private fuel firms are rationing Octane 92 — starving the pumps to force a price hike?

Lanka IOC, Sinopec and RM Parks have cut Octane 92 deliveries sharply this month, saying they're losing money under the government's regulated pricing formula. Queues are back at private stations in several areas, and CPC has had to lift its share of the market from roughly half to over 80% just to keep fuel flowing. Three-wheeler and bike riders who depend on cheaper 92 are the ones stuck, especially with Octane 95 just going up another Rs 20 to Rs 495 a litre. One side: if the fixed price sits below what it costs to import and sell, no private company keeps bleeding money forever — this was coming the moment the pricing formula stopped tracking the market. Other side: these firms signed up to supply the country, and throttling deliveries to squeeze a price increase out of the government is holding ordinary riders and drivers to ransom while CPC quietly absorbs the shortfall. Have you been turned away or rationed at a private pump this month? What litre limits or queue times are you seeing in your area, and did you end up paying more for 95 just to keep moving? ඔබේ ප්‍රදේශයේ පෞද්ගලික පිරවුම්හල්වල 92 ඔක්ටේන් තියෙනවද, නැත්නම් පෝලිම් දිගයිද?
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