Sri Lanka left with fuel stocks for around five days, minister says

COLOMBO: Sri Lanka's fuel stocks will last for about five more days, its power and energy minister said on Thursday , as the island nation awaits official confirmation from the Indian government for a new US$500 million credit line for fuel.

Chronic fuel shortages have worsened this week with kilometres long lines at some gas stations countrywide, leading to sporadic protests as vehicle owners wait, sometimes overnight, for petrol and diesel. Sri Lanka is unable to make US$725 million in overdue payments to suppliers and also struggling to open letters of credit for future shipments, Power and Energy Minister Kanchana Wijesekera said.

"We are expecting a petrol shipment within the next three days and another two shipments in the next eight days," he added.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pakistan further removes fuel subsidies to win IMF funding -Finance MinisterISLAMABAD : Pakistan on Wednesday further removed fuel subsidies in a bid to trim the fiscal deficit and aimed at securing critical support from the International Monetary Fund (IMF), the finance ministry said. 'Government has decided to end subsidies on fuel and raise prices starting midnight' Finance Mi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »