Vehicles queue at a fuel station as concerns grow over fuel supply following U.S.-Israel conflict with Iran, in Ratnapura, Sri Lanka. File | Photo Credit: Reuters Sri Lanka has increased retail fuel prices by over 8% with effect from Monday midnight (March 10, 2026) in a bid to curb hoarding and panic buying amid rising global crude oil prices, officials said on Tuesday. The price revision comes as global crude oil prices crossed $100 per barrel for the first time in four years following escalating tensions in West Asia. Israel-Iran war LIVE updates – March 10 Under the latest revision, the prices of widely used petrol and diesel varieties have been increased by LKR 22 per litre, the state-run Ceylon Petroleum Corporation (CPC) said. The move is aimed at curbing hoarding and panic buying, it said. “We have noticed heavy consumption since the news of the Middle East war situation,” a CPC official said. Long queues have been seen outside fuel stations since February 28 after hostilities intensified following U.S.-Iran strikes against Iran, triggering fears of supply disruptions. The CPC said Sri Lanka currently has sufficient fuel stocks to last until the end of April. Published – March 10, 2026 11:23 am IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation Chinese tech hubs promote OpenClaw AI agent, despite security warnings Russia-backed hackers breach Signal, WhatsApp accounts of officials, journalists, Netherlands warns