Black market for fuel growing amid supply crisis in Sri Lanka

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The authorities have vowed to stamp out the trade. Repeat offenders may be denied fuel rations and face legal action.

tuk tuk driver in Sri Lanka, but his wages are three times higher than the others.“It is more profitable than driving a tuk tuk,” the 59-year-old said from behind the wheel of his red vehicle.olombo, where queues outside petrol stations usually stretch for a few kilometres.Akshant has been making a profit from selling fuel over the past few months.

in their country's history. State coffers are running dry of foreign exchange reserves and there is not enough money for essential imports such as fuel. According to Sri Lanka’s power and energy minister, Kanchana Wijesekera, fuel imports will be restricted for the next 12 months.‘Next breaking point would be messier’: Sri Lanka’s protesters retreating but demands for reforms remainHis clients are locals who have enough money but no time to wait in line. They are willing to pay more for fuel at exorbitant rates, instead of spending days queuing and sleeping on the road.

“The QR system was introduced since the daily fuel demand cannot be fulfilled,” Wijesekera, the energy minister, wrote on Twitter last week.Despite the rationing system, long queues remain outside petrol stations. “This is the worst crisis. Even during the Civil War, we didn’t have this fuel problem,” he said, referring to the intermittent insurgency against the government from 1983 to 2009.

According to some drivers, the QR code system strictly limits fuel allocation and makes it harder to stock it for illegal sales. Still, there might be ways to circumvent the policy.He added: “Some bus drivers also do the same business with diesel. They buy it, unload it and sell it for a higher price.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Debt Summary: Doesn't mean those numbers not put under China, CN do not hv a part in them. The infrastructures (ports etc.) built by CN in SriLanka that r instantly useless, CN is equally culpable. CN's hands r tainted with blood in the sorrowful plight of bankrupt SLK today.

Latest victim - Sri Lanka. How many more are going to fall prey. People may never find out or only find out too late those under-table deals with shady government officials of poorer nations.

Beware of debt trap thru OneBelt,OneRoad 一带一路 initiative. For poorer nations that were duped into borrowing billions fr CN, use Chinese labour to build OBOR railroads/ports, whet it fails (indebted to CN) or succeeds (supply monopoly, ie. agri/raw materials), CN is the winner

South Africa South Africa Latest News, South Africa South Africa Headlines