Sri Lanka PM to address crisis-hit nation as fuel stocks run short

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Sri Lanka’s new prime minister will address the crisis-hit nation later on Monday, as the country’s power minister told citizens not to join the lengthy fuel queues that have galvanized weeks of anti-government protests. | Reuters

The president then replaced him with Wickremesinghe, an opposition parliamentarian who has held the post five times previously, in a desperate bid to placate protesters.

Hit hard by the pandemic, rising oil prices and populist tax cuts by the Rajapaksas, Sri Lanka is in the midst of a crisis unparalleled since its independence in 1948. A diesel shipment using an Indian credit line arrived in the country on Sunday, but is yet to be distributed across the island, leading to lengthy queues in several places.

 

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