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US Tariffs on Mineral Fuels, Oils from Sri Lanka — 10% (2026)

Tariff Rate Breakdown

10%

Section 122 Base

10%

Total Effective Rate

The United States imports substantial quantities of mineral fuels, oils from Sri Lanka, with approximately $3.5B in total bilateral trade.

The current tariff framework for mineral fuels, oils from Sri Lanka reflects the post-SCOTUS landscape: a 10% Section 122 tariff replaced the previously higher IEEPA rates after the Court's February 2026 ruling.

The Section 122 tariff is subject to a 150-day statutory time limit and is set to expire approximately July 24, 2026, unless Congress acts to extend or replace it. Importers should monitor legislative developments closely as this deadline approaches.

Mineral Fuels, Oils (HTS Chapter 27) carry an average MFN duty rate of 0.5% in addition to the Section 122 tariff. No additional Section 232 or Section 301 surcharges apply to most products in this category from Sri Lanka.

Key products in HTS Chapter 27 imported from Sri Lanka include Crude petroleum, Natural gas, Coal, Gasoline, Diesel fuel, and Jet fuel.

Common Products in Chapter 27

Crude petroleumNatural gasCoalGasolineDiesel fuelJet fuelPetroleum cokeLiquefied propane

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Frequently Asked Questions

What is the current tariff rate on mineral fuels, oils from Sri Lanka?

As of March 2026, mineral fuels, oils from Sri Lanka face a base tariff of 10% under Section 122. The effective rate can be up to 10%.

Will the tariff on mineral fuels, oils from Sri Lanka change?

The Section 122 tariff of 10% expires approximately July 24, 2026, unless Congress extends it. Monitor legislative developments for updates.

How did the Supreme Court ruling affect mineral fuels, oils imports from Sri Lanka?

The Supreme Court's February 20, 2026 ruling struck down IEEPA reciprocal tariffs as exceeding presidential authority. The president signed a replacement 10% tariff under Section 122 the same day, effective February 24.