Fuel dealers to receive commissions from March 1 despite CPC claims

Colombo, Feb. 26 (Daily Mirror) - The Petroleum Distributors Association has confirmed that major fuel suppliers will continue providing dealer commissions for auto fuels from March 1, ensuring the uninterrupted operation of filling stations across the country.

Speaking to the Daily Mirror, D.V. Shantha Silva, Dealer Union Executive Member, said the Ceylon Petroleum Corporation (CPC) chairman had claimed that receiving dealer commissions is illegal. However, fuel distributors have disagreed.

The main fuel distributors in Sri Lanka Lanka IOC PLC (LIOC), Sinopec Energy Lanka, and RM Parks have agreed to pay the commissions.

Under the revised rates announced by Lanka IOC, effective 1st March 2026, company-owned fuel sheds will receive a commission of 2.75% of the retail selling price (RSP), while franchisee-owned sheds will earn 3% of RSP. These rates will remain fixed for six months before being reviewed based on market conditions.

Lanka IOC expressed gratitude to dealers for their continued cooperation in serving customers and strengthening the country’s fuel retail network.