Sri Lanka runs out of petrol amid economic crisis
Sri Lanka’s economic crisis is worsening as the Asian country has run out of gasoline supplies.
Power and Energy Minister Kanchana Wijesekera told parliament on Wednesday that there would be no petrol available in the country for the next two days as there were no available stocks.
He assured the parliamentarians that the matter would be resolved by the weekend.
Sri Lanka has been facing a severe economic crisis, since it defaulted on its external debt servicing on April 12, 2022.
Meanwhile, the country has received a $160 million grant from the World Bank, Prime Minister Ranil Wickremesinghe said in parliament on Wednesday.
Mr Wickremesinghe, however, noted that “the World Bank funds can’t be used to purchase fuel. However, we are to make a request to the bank whether some of the money could be used to solve the immediate fuel crisis.”
The prime minister also said that the country would receive another grant from the Asian Development Bank shortly as well.
The prime minister said that all the parliament members must work together to solve the crisis faced by Sri Lanka.
He said that by next week he would present to parliament a comprehensive report on the country’s financial status.
Mr Wickremesinghe was appointed the prime minister on May 12 following the resignation of Mahinda Rajapaksa.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
NHRC advocate synergy between human rights, climate change
Mr Ojukwu said the government should take a holistic study to approach climate change-related challenges.
Showbiz
“I’m off the streets; I don’t like guys wasting my time,” says Tems
The singer said, “I don’t have that problem anymore. I have left the streets; I wouldn’t even say I was ever on the streets.”
States
Fire service, NCoS partner against emergencies in Kano custodial facilities
Mr Yusuf said the partnership would also help protect government infrastructure and property from fire-related incidents.
Africa
UN agencies say funding shortages may affect humanitarian interventions in Sudan
“We need to step up,” Mr. Skau said.
NationWide
Fuel now available, affordable under Tinubu govt, says APC chieftain
Mr Bala noted that Mr Tinubu never promised Nigerians 24 hours power supply.
States
Two victims rescued, three suspected kidnappers arrested during N1.5 million ransom collection in Ondo
The Ondo State police command has rescued two victims and arrested three suspected kidnappers during a N1
