Sri Lanka, May 29 -- The Managing Director of the Ceylon Petroleum Corporation (CPC), Mayura Neththikumarage, stated that a reduction in domestic fuel prices cannot be expected in the upcoming price revision, based on current global market trends.

He noted that although fuel prices have shown a slight decline compared to March and April, global prices remain higher than those recorded prior to the outbreak of the Middle East conflict.

He further stated that global fuel prices for today (29) will be determined by this evening, and that a decision on local fuel prices will be made thereafter, following an assessment of prevailing market conditions.

However, he emphasised that no final decision has yet been made regarding fuel price revis...