June 24, 2024


Advocacy. Mediation. Success.

With No Fuel Sri Lanka Grinds To A Halt

Motorbikes, autos and three-wheelers wait around in a queue to obtain petrol thanks to fuel lack, for the duration of the country’s financial disaster, in Colombo, Sri Lanka, June 29, 2022.  

VOA/Reuters: Minister: Sri Lanka Having difficulties to Shell out for Gas Shipments  

Colombo — Sri Lanka is battling to elevate $587 million to fork out for about fifty percent a dozen gasoline shipments, a prime minister claimed Sunday as the funds-strapped nation attempts to cope with its worst money crisis in many years. 

The region of 22 million individuals is not able to pay for important imports of food goods, fertilizer, medicines and gasoline — thanks to a serious dollar crunch. 

Energy and Vitality Minister Kanchana Wijesekera stated new gasoline shipments have been becoming lined up, but the state is having difficulties to increase adequate funds to pay as the central lender can offer only about $125 million. 

Sri Lanka only has 12,774 tons of diesel and 4,061 tons of petrol remaining in its govt reserves, he informed reporters in Colombo, the business centre of the island nation.  

Examine far more ….  

Update #1: With no gasoline and no dollars, Sri Lanka retains educational institutions closed (AP)

Update #2: Sri Lanka grinds to a halt as gasoline reserves shrink (France 24)  

WNU Editor: Sri Lanka’s economic disaster proceeds to get worse …. Bankrupt Sri Lanka’s inflation jumps further than 50% (CNA/AFP).