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This week's fact-check
President on CPC’s diesel loss: Correct numbers, incomplete diagnosis
I saw that the Petroleum Corporation has stated that the price of a litre of diesel is approximately 720 rupees. However, we are providing a litre of diesel for 392 rupees. In providing it at 392 rupees, the government bears a cost burden of 100 rupees for every litre of diesel. This means the Petroleum Corporation receives 492 rupees. Nevertheless, they still face a massive loss, and it is necessary for them to cover that loss.
Nuwara Eliya District Coordinating Committee meeting | May 13, 2026
Posted on: 19 June, 2026
True
President on CPC’s diesel loss: Correct numbers, incomplete diagnosis
I saw that the Petroleum Corporation has stated that the price of a litre of diesel is approximately 720 rupees. However, we are providing a litre of diesel for 392 rupees. In providing it at 392 rupees, the government bears a cost burden of 100 rupees for every litre of diesel. This means the Petroleum Corporation receives 492 rupees. Nevertheless, they still face a massive loss, and it is necessary for them to cover that loss.
Nuwara Eliya District Coordinating Committee meeting | May 13, 2026
Posted on: 19 June, 2026
Latest Fact checks
President AKD repeats Ranil’s error in citing reserve increase since 2022
In '22, banks didn't have dollars. Even the Central Bank didn't have dollars. Today, it's not like that…There is an amount of almost USD 7,000 million with the Central Bank…
Speech delivered at the relaunch of the Ninthavur cultural centre | May 22, 2026
Posted on: 28 May, 2026
False
False
President AKD repeats Ranil’s error in citing reserve increase since 2022
In '22, banks didn't have dollars. Even the Central Bank didn't have dollars. Today, it's not like that…There is an amount of almost USD 7,000 million with the Central Bank…
Speech delivered at the relaunch of the Ninthavur cultural centre | May 22, 2026
Posted on: 28 May, 2026
Fuel Subsidy: Minister Jayatissa’s math adds up
Accordingly, the government is absorbing 100 rupees per litre of diesel and 20 rupees per litre of petrol. For this, the government bears a cost of 20 billion rupees (20,000 million) per month.
Press Conference held at Department of Government Information | March 22, 2026
Posted on: 6 May, 2026
True
True
Fuel Subsidy: Minister Jayatissa’s math adds up
Accordingly, the government is absorbing 100 rupees per litre of diesel and 20 rupees per litre of petrol. For this, the government bears a cost of 20 billion rupees (20,000 million) per month.
Press Conference held at Department of Government Information | March 22, 2026
Posted on: 6 May, 2026
President Dissanayake counts the fuel cost, two rupees at a time
If the price of oil rises by USD 1 in the market, it will impact our market where the price of oil will rise by LKR 2
Parliament YouTube channel | March 20, 2026
Posted on: 23 April, 2026
True
President Dissanayake counts the fuel cost, two rupees at a time
If the price of oil rises by USD 1 in the market, it will impact our market where the price of oil will rise by LKR 2
Parliament YouTube channel | March 20, 2026
Posted on: 23 April, 2026
MoF mistaken on IMF loan surcharge
Question: There is a talk that the interest rate on the IMF RFI was too high, and does Sri Lanka have to pay surcharges? Do you agree with this analysis? Answer: “Surcharges are not automatic. They arise only if outstanding IMF credit exceeds quota-based thresholds for an extended period”
Extract from Ministry of Finance – Investor Presentation | February 11, 2026
Posted on: 9 April, 2026
False
False
MoF mistaken on IMF loan surcharge
Question: There is a talk that the interest rate on the IMF RFI was too high, and does Sri Lanka have to pay surcharges? Do you agree with this analysis? Answer: “Surcharges are not automatic. They arise only if outstanding IMF credit exceeds quota-based thresholds for an extended period”
Extract from Ministry of Finance – Investor Presentation | February 11, 2026
Posted on: 9 April, 2026
President on Ditwah recovery: All that glitters in the Treasury is not debt-free
We did not borrow a single cent for that purpose [post-Cyclone Ditwah recovery]. We did not engage in money printing for it either. There was LKR. 1.2 trillion in our Treasury’s account. From that, we allocated LKR 500 billion for this.
Anura Kumara Dissanayake’s YouTube Page | February 11, 2026
Posted on: 27 March, 2026
Partly True
Partly True
President on Ditwah recovery: All that glitters in the Treasury is not debt-free
We did not borrow a single cent for that purpose [post-Cyclone Ditwah recovery]. We did not engage in money printing for it either. There was LKR. 1.2 trillion in our Treasury’s account. From that, we allocated LKR 500 billion for this.
Anura Kumara Dissanayake’s YouTube Page | February 11, 2026
Posted on: 27 March, 2026
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