Sri Lanka, Nov. 4 -- Sri Lanka's latest fuel price adjustment has reduced the difference between the retail and cost-recovery formula prices of auto diesel, while increasing the gap for 92-octane petrol, according to an analysis by PublicFinance.lk.

The platform, operated by independent think tank Verite Research, said both fuel types continued to be sold below their respective formula-based prices despite the increases introduced in November.

Data from its Fuel Price Tracker showed that as of November 1, Petrol 92 was selling at Rs. 424 per litre against a cost-recovery price of Rs. 481, leaving a difference of Rs. 57.

In October, the retail price stood at Rs. 414 per litre, compared with a formula price of Rs. 465, resulting in a gap...