Additional USD 500 Mn via Indian Credit Line for Fuel

Additional USD 500 Mn via Indian Credit Line for Fuel

Additional USD 500 Mn via Indian Credit Line for Fuel

Written by Zulfick Farzan

07 Jun, 2022 | 6:22 pm

COLOMBO (News 1st); Sri Lanka’s Power & Energy Minister Kanchana Wijesekera told Parliament on Tuesday (7) that approximately USD 557 Million or Rs. 234 Billion is required to procure fuel for the month of June.

He said that the government has approved an additional loan of USD 500 Million via the Indian Credit Line for fuel imports.

Quoting statistics, the Minister said the fuel consumption was at a high during April and May 2022, adding that from Wednesday (8) Petrol and Diesel will be distributed to the market without any issue.

“We will deliver 5,000 MT of Petrol and 3,500 MT of Diesel from tomorrow (8),” said the Minister.

He said that the shipment Sri Lanka originally ordered for will reach the country on the 16th of June, however, via the Indian Credit Line the country managed to bring two other shipments.

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