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Last Updated : 2024-05-11 21:41:00
8 April 2022 06:17 am - 12 - {{hitsCtrl.values.hits}}
The US $ 500 million India credit line for fuel will almost be exhausted after another 120,000 tons of diesel and 35,000 tons of petrol is delivered to Sri Lanka during the remaining period of this month, Daily Mirror learns.
The next stock of 40,000 tons of diesel will be dispatched on April 15. Besides, arrangements are in process to send another similar consignment on April 18. An informed source said Sri Lanka will receive a similar quantity of diesel on April 23.
In addition, the stock of petrol will be sent on April 22. India has offered US $ 500 million credit line for the purchase of fuel from Indian Oil Company. Once these consignments are delivered, US $ 468 million will be exhausted.
Earlier, Sri Lanka received 80,868 tons of diesel and under the same facility 66,485 tonnes of petrol from India.
There are negotiations going on currently to increase the credit facility. Or else, Sri Lanka can reuse it once payments are settled for the purchases already made. (Kelum Bandara)
Arnold Friday, 08 April 2022 06:46 AM
Gnanakkas black magic might pull India into the hole we are in already.
Kamal Sella Friday, 08 April 2022 07:56 AM
What ever happening in the country, Fuel energy consumption optimisation strategies need to be developed in longer term.
beggar Friday, 08 April 2022 08:01 AM
Let's beg from Nigeria .... It's a good option
warren Friday, 08 April 2022 09:27 AM
Or Kiribati, perhaps?
German Jacob Friday, 08 April 2022 09:23 AM
Always begging from China
Mudir Friday, 08 April 2022 09:24 AM
Only option to approach KSA but Gota has to win the confidence from SriLankan Muslims very much doubtful.
sas Friday, 08 April 2022 10:07 AM
This government should be given a gold medal for begging.
Jef Friday, 08 April 2022 10:32 AM
We have to renegotiate with IMF its a decision that government have to make for all sri Lankans to moove forward we have no choice bu to come clean work things out the best possible way to stop corruptions to have proper system to monitor all the financial system sri Lanka is a tiny nation we don't need law to protect crookes and high flyers majority are suffering hope the government take very seriously and negotiate a proper loan with IMF for a long time solution for our nation
Ranaweera Friday, 08 April 2022 12:26 PM
But at this rate , it looks like we are basically drinking oil. How can you sustain this?
Sammy Friday, 08 April 2022 03:55 PM
@Mudir Not at the risk of importing Wahabi terrorism from KSA.
Sammy Friday, 08 April 2022 03:55 PM
@Mudir Not at the risk of importing Wahabi terrorism from KSA.
Sammy Friday, 08 April 2022 03:55 PM
@Mudir Not at the risk of importing Wahabi terrorism from KSA.
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