Saturday Aug 13, 2022
Saturday Aug 13, 2022

Schools close down as Sri Lanka runs out of fuel


Nepalnews
2022 Jun 27, 17:05, Colombo
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According to a news report on Monday, Sri Lanka is left with fuel to last not even a day with only 1,100 tonnes of petrol and 7,500 tonnes of diesel. 

Sources from the Ceylon Petroleum Corporation (CPC) trade union stated that no stock of fuel was on its way to Sri Lanka. Kanchana Wijesekera, Power and Energy Minister informed that he was unsure when fresh shipments of fuel can be expected.

The problem has arisen as fuel companies selling oil to Sri Lanka are looking for an international guarantee for payment and are refusing to depend on local bank guarantees. 

Sources within the CPC informed that Sri Lanka had failed to make required payments and provide international bank guarantees. 

Additionally, international companies have also blacklisted Sri Lanka as it has defaulted on its debts.

With no new fuel shipments, Sri Lanka will come to a standstill this week. 

Schools in Colombo have already been shut for another week starting Monday. 

Sri Lanka is struggling with its worst economic crisis which is causing widespread shortages of essential commodities including food, fuel, and medicines.

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Sri Lanka petrol Ceylon Petroleum Corporation CPC fuel companies Medicines Colombo
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