Gammanpila projects $500M monthly to import oil

SL may need more than $500M monthly to import petroleum products: Gammanpila

by Amani Nilar 22-02-2022 | 5:24 PM

COLOMBO (News 1st); At the current rate, Sri Lanka may need more than $500 million to import petroleum products monthly, says Minister of Energy, Udaya Gammanpila. 

In a tweet, the Minister points out that the Brent crude oil price reached $99 today, and the monthly export earnings are approximately 100$ million, out of which 75% is received by the banking system.

  https://twitter.com/UPGammanpila/status/1496052337978535937