Business Standard

Lanka to turn off street lights in deepening economic crisis; shares dive

The island of 22 million people is struggling with rolling blackouts for up to 13 hours a day because the government does not have enough foreign exchange for fuel imports

Sri Lanka
Premium

Photo: Reuters

Agencies
Sri Lanka is turning off street lights to save electricity, a minister said on Thursday, as its worst economic crisis in decades brought more power cuts and halted trading on its main stock market.

The island of 22 million people is struggling with rolling blackouts for up to 13 hours a day because the government does not have enough foreign exchange for fuel imports.

“We have already instructed officials to shut off street lights around the country to help conserve power,” Power Minister Pavithra Wanniarachchi told reporters.

The power cuts add to the pain of Sri Lankans already dealing with

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 31 2022 | 11:48 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com