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SL to sign agreement with Sultanate of Oman next week

20 October 2021 07:46 am - 15     - {{hitsCtrl.values.hits}}

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Sri Lanka and Oman will sign an agreement next week for a US $. 3.6 billion credit facility to purchase fuel, Energy Minister Udaya Gammanpila said .

The Minister told Daily Mirror that it would be a credit facility to be settled over a period of 20 years. He said there would be a five -year grace period for the settlement of the loan.

The global fuel prices had hit a new high at present, it is said.

Asked about the possible fuel price revision , he said the Ceylon Petroleum Corporation (CPC) was incurring a loss of Rs.35 for a litre of diesel and Rs.18 for a litre of petrol.(Kelum Bandara)

  Comments - 15

  • Elizabeth Wednesday, 20 October 2021 08:01 AM

    Then වද කොත්තු, වද දොස්තර now වද තෙල්? shameless @#

    Kikazaru Wednesday, 20 October 2021 08:04 AM

    We never took loans for consumables. Now we are in shambles. God ( if there is one) the Sri Lankans after 20 years. This has to be paid back with interest. This adds to the present burden of loans.

    Gamaya Wednesday, 20 October 2021 08:16 AM

    What happened to your GAS and FUEL from MANNAR!!!

    as Wednesday, 20 October 2021 12:14 PM

    When he starts farting we will have loads of gas. No need for Mannar gas.

    Rishan Wednesday, 20 October 2021 09:34 AM

    Hope Oman will provide fuel for credit ..

    Seqi Wednesday, 20 October 2021 09:53 AM

    It'll be an interest free credit facility. No interest. But there might be a fixed band of price range to handle the price fluctuations. Either way Oman isn't run by stupid people. There is no free lunch.

    perera Wednesday, 20 October 2021 12:11 PM

    Will he beg for Rs250m for his reelection?

    Pradeep Carvalho Wednesday, 20 October 2021 12:22 PM

    Any facility to purchase you some "grey matter" i will personally fund it

    Priyantha77 Wednesday, 20 October 2021 01:11 PM

    Why keep CPC and make all of us debtors and taxed. sell the shares and can earn taxes to government

    VJ Wednesday, 20 October 2021 03:15 PM

    Not yet signed. No wonder the travel restrictions are extended.

    Bernard Wednesday, 20 October 2021 06:41 PM

    One litre of diesel will be increased by Rs.35/- and one litre of petrol will be increased by Rs.28/-.

    N SENA Wednesday, 20 October 2021 10:40 PM

    A LOAN IN A DIFFERENT TERMINOLOGY

    Punchi Banda Thursday, 21 October 2021 06:43 AM

    Our proud Buddhist country that marginalises Muslims and Hindus is seeking financial assistance from Hindu India and Muslim Oman, Bangladesh etc. Pathetic and also why our our bosom fellow human rights violating China not giving us more pocket money

    Punchi Banda Thursday, 21 October 2021 06:49 AM

    We considered ourselves hero’s In denying Tamils their rights and as a consequence causing a war. What we were really doing in denying us prosperity and peace and what we eventually won was poverty, disparity, hunger, international contempt etc and making us beggars. If the Sri Lankan govt turns up at an overseas country it is to ask for money

    Hornet Thursday, 21 October 2021 07:30 AM

    After which fuel prices will soar!


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