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Sri Lanka faces diesel shortage as economic crisis worsens: Minister

Sri Lanka is facing a shortage of diesel as the ongoing economic crisis worsens in the island country, Minister of Power and Energy Kanchana Wijesekera said on Thursday.

Topics
sri lanka | Economic Crisis

IANS  |  Colombo 

Sri Lanka
Sri Lanka's economic crisis deepens

is facing a shortage of diesel as the ongoing worsens in the island country, Minister of Power and Energy Kanchana Wijesekera said on Thursday.

The Minister told Parliament that the country needs 4,000 metric tonnes of diesel per day, reports Xinhua news agency.

However, the state-owned Ceylon Petroleum Corporation is currently only releasing 1,000 to 1,500 metric tonnes a day.

Currently there is no shortage of petrol supply in the country, he said, adding that around 3,000 metric tonnes of petrol has been released on a daily basis, and that a ship carrying 40,000 metric tonnes of petrol arrived in on Wednesday night.

has been suffering a diesel shortage since February, which led to hours of daily power cuts.

Finance Minister Ali Sabry said on Wednesday that Sri Lanka only has less than $50 million in usable foreign reserves.

--IANS

ksk/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, May 05 2022. 17:58 IST
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