The last consignment of fuel to be supplied under the line of credit given by India to Sri Lanka will reach Sri Lanka by the end of this month.
The last consignment of fuel to be supplied under the line of credit given by India to Sri Lanka will reach Sri Lanka by the end of this month. There is no indication of future oil supply.
Sri Lanka from India (Srilanka) to be made under the credit facility given to Fuel The last consignment of supplies will reach Sri Lanka by the end of this month. There is no indication of future oil supply. Sri Lanka’s Energy Minister Kanchan Vijayasekhar said that under the Line of Credit from India, diesel (Diesel) The last consignment will arrive on June 16. while petrol (Petrol) The last consignment will reach here on June 22. Sri Lanka, which is facing a deep financial crisis, is completely dependent on credit facilities from India for fuel purchase. India had given him a loan assistance of $ 500 million in the beginning and after that an additional assistance of $ 200 million was also given.
Vijayasekhar said that the minimum daily requirement of diesel is 5,000 tonnes. He said that although we released only 2,800-3,000 tonnes of diesel on priority basis last week. He said that the daily requirement of petrol is 3,500 tonnes. But, since last Tuesday only 3,000-3,200 tonnes of petrol is being issued daily.
Foreign exchange crisis in front of Sri Lanka
Due to the shortage of foreign exchange, Sri Lanka is not able to buy even the things it needs. In such a situation, India has emerged as a reliable facilitator of fuel procurement. But the current loan facility given by India to Sri Lanka is also about to end and no indication has been given about the future oil supply.
However, the Sri Lankan government had said that it is in talks with India to increase the line of credit for fuel purchase. Sri Lankan Prime Minister Ranil Wickremesinghe has also said that apart from India, no other country has helped Sri Lanka for fuel purchase.
Apart from this, India has extended the loan period of US $ 55 million given to the southern country for import of fertilizers. Sri Lanka is currently going through its worst economic crisis ever. Due to this, the risk of shortage of food items has arisen in the country. Sri Lanka had appealed to India to give a loan of $ 55 million to buy urea amid the deepening economic crisis in the country. In view of this appeal of Sri Lanka, India has decided to give a line of credit of US $ 55 million (about Rs 425 crore) to it.
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