Friday, July 10, 2026

Sri Lanka faces diesel shortage amid forex crisis

Finance Minister Ali Sabry said on Wednesday that Sri Lanka only had less than $50 million in usable foreign reserves.

• May 5, 2022
Fuel queue in Sri Lanka
Fuel queue in Sri Lanka

Sri Lanka is facing shortage of diesel as foreign exchange crisis worsens in the South Asian country, says Minister of Power and Energy Kanchana Wijesekera.

The minister told parliament that the country needed 4,000 metric tonnes of diesel daily.

The state-owned Ceylon Petroleum Corporation is currently releasing only 1,000 to 1,500 metric tonnes per day.

There is no shortage of petrol supply in the country, however, according to the official.

He said that about 3,000 metric tonnes of petrol were being released on daily basis, adding that a ship carrying 40,000 metric tonnes of petrol arrived in Sri Lanka on Wednesday night.

Sri Lanka has been suffering diesel shortage since February, This led to hours of daily power cut.

Finance Minister Ali Sabry said on Wednesday that Sri Lanka only had less than $50 million in usable foreign reserves.

(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

farmers

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

Katsina State

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.”

Air Peace evacuates more Nigerians from South Africa

Rights

Xenophobia: Air Peace evacuates more Nigerians from South Africa

Air Peace has completed the fourth phase of the evacuation of Nigerians from South Africa, bringing another 284 Nigerians home.

NFIU, EFCC

Anti-Corruption

NFIU, EFCC collaboration earns Nigeria global anti-money laundering award

Nigeria has won the UNODC-World Bank-Egmont Group Stolen Asset Recovery initiative award for an outstanding financial crime investigation.

Vice-President Kashim Shettima

Heading 3

FG, governors, responders to finalise plan on 112 emergency call initiative

The federal government is set to implement 112 as Nigeria’s single national emergency number, with plans to engage governors and emergency responders nationwide.

Edo FRSC

Politics

Edo govt didn’t invite FRSC to participate in LG election: Official

The Federal Road Safety Corps says it will not participate in Saturday’s local government election in Edo because it was not invited.

President Bola Tinubu

States

FG executed 70 road projects in Kano in two years: Official

The Federal Ministry of Works says it has executed over 70 road projects in Kano in the last two years.

Renewed Hope Horse Racing Tournament, West African Derby 2026, in Kaduna

Sport

Etsu Nupe tells Nigerian youths to embrace horse racing

The Etsu Nupe urged Nigerian youths to embrace horse racing, describing it as a treasured cultural heritage deserving preservation for future generations.