Despite a 40,000 metric tonne consignment of petrol having arrived in Sri Lanka under an Indian credit facility just yesterday, the country’s cabinet has cleared a proposal to seek a further US$500 million from New Delhi for more.
The 40,000 MT shipment is one of at least four fuel shipments from India that have currently been agreed under a fuel credit line. The line was extended by US$200 million dollars, with three shipments having arrived so far.
"Commitment delivered!" tweeted the Indian High Commission in Sri Lanka.
But the arrivals have done little to relieve soaring fuel prices and gruelling fuel queues on the island. Earlier today, Sri Lanka’s Power and Energy Minister Kanchana Wijesekera said his government would seek a further US$500 million credit line from the Exim Bank of India.
It had already received US$500 million dollars from the Exim Bank of India and US$ 200 million from the State Bank of India, he admitted.
Read more from EconomyNext here.
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.
