Sri Lanka is struggling to secure a supply of fresh fuel, says the minister, #Sri #Lanka #struggling #secure #fresh #fuel #supplies #minister Welcome to OLASMEDIA TV NEWSThis is what we have for you today:
The island has been hit by the worst financial crisis in 70 years, with record low foreign exchange reserves and struggling to pay for important imports such as fuel, food and medicine.
“We are having a hard time finding a supplier. They are reluctant to accept letters of credit from our bank. The delinquency is over $ 700 million, so the supplier wants to pay in advance. We are, “Kanchana Wijesekera, Minister of Electricity and Energy, told reporters.
In the last two months, Sri Lanka has mainly received fuel via the $ 500 million Indian credit line that was exhausted in mid-June. Oil shipments scheduled for Thursday have not arrived, and no new shipments have yet been scheduled, according to Wijesekera.
“We have about 9,000 metric tons of diesel and 6,000 metric tons of gasoline left. We are doing everything we can to get a new stock, but we don’t know when that will happen. “
However, Sri Lanka also raised fuel prices by 12% to 22% early on Sunday. The May price hike pushed inflation up to 45.3%, the highest since 2015.
According to Wijesekera, people waiting in a line of serpents already miles outside the pump are waiting outside the pump as the government concentrates on issuing the remaining inventories for public transport, power plants and medical services. It is unlikely that you will get fuel.
Armies already deployed at gas stations to relieve anxiety will now issue tokens to those who have been waiting for days at times, he added, adding that ports and airports will be fueled. ..
Separately, the government called on about one million civil servants on Sunday to work from home until further notice.
A delegation from the US Treasury and State Department arrived in Colombo on Sunday for a three-day visit to assess the situation. The International Monetary Fund team is already in Sri Lanka to discuss the possibility of a $ 3 billion bailout package.
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