23.7 C
New York
Friday, August 19, 2022

Sri Lanka ran out of fuel and no stock for a day | World News #VentWithKb

Google Ads
Google Ads

Colombo: Spinning through the economic crisis, Sri Lanka has finally run out of fuel with only 1,100 tonnes of petrol and 7,500 tonnes of diesel left, not enough to last a day, the Daily Mirror on Monday reported citing sources. news from Ceylon of Sri Lanka. Trade Union of Petroleum Corporation (CPC). According to the Daily Mirror, CPC sources say that the token system announced by the Minister of Energy and Energy, Kanchana Wijesekera on Sunday to allocate fuel to the public will also prove to be futile because of the The first will be devoted to essential services for the little remaining fuel reserve.

The minister, who assured the public of the arrival of a fuel vessel last week, acknowledged that the arrival date of the next fuel shipments in the county was uncertain.

Speaking of the matter, sources said, “There were no ships on their way to Sri Lanka last week as Sri Lanka failed to make the required payments and international bank guarantees and even for to date have not made any payments for new shipments. as quoted by the Daily Mirror.

“Sri Lanka has also been blacklisted by international companies because it has defaulted on its debt and companies now require international banks to guarantee new orders,” the media quoted the sources as saying. information resource. If there are no fuel shipments anytime soon, the country will be at a complete standstill from this week, as even public transport will be shut down. The sources added that prolonged power cuts will also come into effect soon as the necessary reserves of fuel will not be supplied to power plants.

This comes after Wijesekera said on Saturday that suppliers had informed the state-owned fuel importer and distributor Ceylon Petroleum Corporation (CPC) that they would not be making deliveries. gasoline, diesel and crude oil, expected this week and next due to banking and logistical reasons.

He added that public transport, power generation and industries will be prioritized until the next shipments arrive. As a result, a limited stock of diesel and gasoline will be distributed to several gas stations throughout the coming week. .

He said that the government has sought support from the Sri Lankan army and police to issue tokens to the public for petrol and diesel fuel. The public is required to register their mobile phone number at the nearest gas stations, and once their number is issued, they will be notified, Wijesekera added.

The minister, who assured the public of the arrival of a fuel vessel last week also acknowledged that the arrival date of the next fuel shipments in the county was uncertain and apologized for the delay. “We are working with all new and existing. I apologize for the delay and inconvenience,” he said.

Notably, Sri Lanka has faced its worst economic crisis since independence in 1948, resulting in severe shortages of essential commodities such as food, medicine, cooking gas and fuel throughout the island nation.

The near-bankrupt country, with a severe foreign currency crisis leading to foreign defaults, announced in April that it would suspend payments of nearly $7 billion in foreign debt due this year out of about 25 billion USD due to 2026. Sri Lanka`s total external debt.

The economic crisis has particularly affected food security, agriculture, livelihoods and access to health services. Food production in the last harvest was 40-50% lower than last year, and the current farming season is at risk with a lack of seed, fertilizer, fuel and credit.

Sri Lanka is one of the few countries named by the Food and Agriculture Organization (FAO) that is expected to go food-free due to the expected global food shortage this year.

Read Also


Janaseva News Medium Account

Today’S Fashion News

Bitcoin NEWS


I am passionate about journalism and using new technology to spread news. I am also interested in politics and economics, and I am always looking for ways to make a difference in the world. I am the CEO of Janaseva News, and I am 24 years old.

Related Articles

Google Ads


Please enter your comment!
Please enter your name here

Google Ads

Stay Connected

- Advertisement -

Latest Articles

Google Ads