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Last Updated : 2024-05-10 01:01:00
18 March 2022 06:48 am - 19 - {{hitsCtrl.values.hits}}
● Consignments amounting to $42mn stuck at Colombo Port
● 22,000 MT of Diesel, 22,000 MT of Jet fuel awaiting unloading for 5 days
● L/CS opened but funds not paid
● Severe shortage of diesel in fuel stations
● BIA says airline operations not affected
The government has been unable to clear two consignments of fuel consisting of diesel and jet fuel which is presently docked at the Colombo Port totalling to 42 million US dollars and due to the delay in clearance, the foreign company is now claiming a fee for demurrage, the Daily Mirror learns.
According to inside sources, the consignment consists of 22,000 metric tonnes of diesel and 22,000 metric tonnes of jet fuel, and it has been docked at the port for five days awaiting payment.
The Letters of Credit were opened for the purchase, but the government has been unable to provide the funds as yet leading to the company now claiming a fee for demurrage.
The government’s failure to clear this shipment has led to a severe shortage of diesel in the market, with queues lengthening further at all petrol stations in the country.
Presently payments have been released only to clear the gas shipments and the President’s Office said yesterday that unloading and distribution of domestic LP gas had recommenced after people had raised severe frustration at the lack of gas available in the market. This week, local primary gas suppliers Litro Gas Lanka and Laugfs Gas were compelled to suspend the operations due to the unavailability of stocks.
Meanwhile, senior sources at the BIA told Daily Mirror that airline operations were continuing and there was no shortage of jet fuel. However, if the present shipment of jet fuel is not cleared soon, then airline operations may be affected. (JAMILA HUSAIN)
Punchi Banda Friday, 18 March 2022 07:16 AM
I cannot understand this our beloved land though recently several times drenched in blood is Buddha trice visited and is Buddha blessed, but we are finding it difficult to pay a paltry USD 42 million. Why is the blessings ?
Iwazaru Friday, 18 March 2022 07:37 AM
The present situation can be summed up on word "Bankrupt". No money no honey.
Silly Friday, 18 March 2022 07:37 AM
No problem, Basil is pumping from there !!
Brya Friday, 18 March 2022 07:40 AM
The basic needs of the people are not met due to the mismanagement of the foreign reserve by the Government.Those responsible should resign since they have failed.
Jinna Friday, 18 March 2022 07:43 AM
Over to you - Lokuge and Gota. Jayawewa !
Peasant Friday, 18 March 2022 07:58 AM
All of our money has been stolen by the royal family and their henchmen.
ANTON Friday, 18 March 2022 08:07 AM
WHEN WILL THESE PEOPLE STOP PLAYING FOOL.
Sam Silva Friday, 18 March 2022 08:33 AM
Didn't we get one billion credit facility from India.
Seqi Friday, 18 March 2022 02:32 PM
The credit facility is to encourage purchases of Indian goods and is a bit like food coupons.
Kaputu Raja Friday, 18 March 2022 08:37 AM
Ha Ha Sri lankan bima.. another nail in the coffin.. Pathirana where are your dollars, lackeys of govt wont' do anything.. with their kickbacks either.
jan Friday, 18 March 2022 08:47 AM
Government Always failed to Clear Gas, petrol shipments on time paying BILLIONS of USD IN Additional delaying Chargers no ones holding Responsible
Namal Rajapaksha Friday, 18 March 2022 08:51 AM
Lack of planning
Dr Rathna Friday, 18 March 2022 08:54 AM
We thought DV Chanaka is going to make “direct payments”…. The dude is funny, don’t really gets the economics even with his US degree from SEMO
Terrence Friday, 18 March 2022 09:00 AM
How are the Kaputas travelling without fuel ?
Eper Friday, 18 March 2022 09:06 AM
The government should prioritize clearing the fuel n diesel immediately as failure to do so would effect the April tourism season, local n export sectors and the entire economy drastically.Do not make us to suffer any longer.
BuffaloaCitizen Friday, 18 March 2022 09:26 AM
Things should get worse to this country, after all the northern Tamils were forced to live in worse conditions and cheered by the Sinhalese. Fate is slow but sure.
REEZ Friday, 18 March 2022 01:41 PM
This crisis is not made by me but my brother
Cherath Friday, 18 March 2022 03:43 PM
The only rescue plan of the government seems to be currency swaps, loans and credit arrangements everyone of which adds to the pile of interest payments and debt. There is no capital and wealth development as far as the eye can see. Way to go Rajapakshe slaves!
Sunil Saturday, 19 March 2022 04:41 PM
Demurrage now amounts to 14 million dollars. We will not have enough money to pay this even, let alone the money for the fuel.
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