Fuel queues likely to exist for another year. Consumption must be slashed by 46 per cent: Subject Minister

Date:

The fuel consumption in Sri Lanka must be slashed from US $650 million to US $350 million, said Energy Minister Kanchana Wijesekara, speaking to a briefing yesterday (26).

“Now we are in a situation where no company is willing to provide us fuel without a prepaid facility. At a time when the country has to pay US $735 million, receiving more fuel from their companies has become a very difficult task. I believe that until at least one year from now when this financial management is done properly, we may not be able to resist the future occurrences of fuel queues. So we have to slash our consumption from US $650 million to US $350 million as a mandatory action. Reducing the consumption, we have to prioritise public transport, industries and essential special services,” he said.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Cashew Shortage Sparks Job Loss Fears Across Processing Communities

Cashew Shortage Sparks Job Loss Fears Across Processing Communities

Sri Lanka Needs Bold Economic Reset to Secure Long-Term Growth

Sri Lanka Needs Bold Economic Reset to Secure Long-Term Growth

Sri Lanka, UK Reaffirm Commitment to Deeper Trade Cooperation

Sri Lanka, UK Reaffirm Commitment to Deeper Trade Cooperation

Auditor General’s Vacuum Paralyses State as Accountability Systems Collapse

Auditor General’s Vacuum Paralyses State as Accountability Systems Collapse