Gammanpila admits that Diesel supply was restricted

Gammanpila admits that Diesel supply was restricted

Gammanpila admits that Diesel supply was restricted

Written by Zulfick Farzan

23 Feb, 2022 | 3:52 pm

COLOMBO (News 1st); Sri Lanka’s Energy Minister Udaya Gammanpila told Parliament on Wednesday (23) that importing fuel has become a challenge.

“Over 50% of our export revenue is used to purchase fuel for the country,” he said, adding that at the Emergency Cabinet Meeting on Tuesday (22) the Treasury Secretary instructed the Bank of Ceylon to release funds for a tanker with Diesel.

He admitted there is a shortage of Diesel in the country as the CPC restricted its Diesel supplies to the filling stations over the past 5 days, due to the payment issue for the tanker with Diesel at the Colombo Port.

“Since December 20th, the global crude oil prices have increased by 38%. However, Sri Lanka did not increase prices. The Cabinet decided that there should NOT be any price hike,” he told the Parliament.

Also speaking in Parliament, Former Prime Minister Ranil Wickremesinghe strongly advised the government to pay off all spot purchases, if not Sri Lanka will have to pay over $ 100 per barrel of oil in the near future.

Energy Minister Gammanpila appreciating the Former Prime Minister’s comments said all tankers will be paid, and Sri Lanka has made long-term financial facilities from multiple nations, including those that produce oil.

SJB MP Chaminda Wijesiri brought the attention of the house to the fact that much-needed funds are released in the late hours in USD for payments, at the request of the Finance Minister.

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