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Sri Lanka Waiting on Fuel Credit Line from India

ENERGY

Sri Lanka has five more days of power and energy according to its energy minister today.

  • The country is waiting on a $500 million credit line for fuel from the Indian government.
  • Sri Lanka is unable to make $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 today.
  • "We are struggling to get fuel supplies due to our forex issues and the government is working to manage existing stocks of diesel and petrol until 21 June," Wijesekera said, adding "We are finding it very difficult to meet demand and stocks could run out faster if we do not cut back on non-essential travel and stop hoarding fuel."
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