Demand for petrol is increasing in Sri Lanka despite two price increases this year, says the Ceylon Petroleum Corporation (CPC). Demand for petrol is increasing in Sri Lanka despite two price increases this year, says the Ceylon Petroleum Corporation (CPC). According to CPC data, average petrol consumption per day, is now around 1,200 MT, compared to 950 MT per day by this time last year.
The rising demand for petrol is from Sri Lanka’s irrepressible vehicle population, mainly motorcycles and three wheelers.
The Department of Motor Vehicles says it registered over 85,000 new motorcycles up to August, without counting outstation registrations, compared to 55,000 from January to August last year.
The number of three wheelers reduced slightly but is the second most popular vehicle to hit the roads.
Over 27,600 three wheelers were registered up to August this year compared to 29,400 by August last year.
Over the first eight months of the year, over 146,000 vehicles were added to the roads in total.
A majority of vehicles registered this year, say officials at the Motor Traffic Depar