No dollars to pay for four fuel ships. Three stalled at Port

Date:

The government has failed to allocate dollars required to pay for four fuel ships, reportedly an amount of US $ 150 million, sources said.

Among the four vessels are two diesel ships and one ship carrying crude oil which have already been stalled at the Colombo Port and tomorrow (12) another ship carrying petrol is set to sail.

Only a part of the amount due for one ship carrying diesel has been paid so far, according to sources.

The Central Bank of Sri Lanka (CBSL) had raised their objection to a proposal by the government for the Ceylon Petroleum Corporation (CEYPETCO) to purchase dollars from the black market to settle the payments for the fuel stocks, in its claim of having enough money.

However, the CBSL’s promise of paying for these vessels from its financial sources has not been fulfilled to date, hence the latter problem.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Tribute to Rajiv Perera on his 60th birthday

By Krishantha Prasad Cooray September 18, Colombo (LNW): In life...

Sri Lanka Confronts Hidden Crisis of Child Abuse with Sweeping Reforms

Sri Lanka Confronts Hidden Crisis of Child Abuse with Sweeping Reforms

Revised Visitor Access Restrictions at BIA Departure Lobby Announced

Revised Visitor Access Restrictions at BIA Departure Lobby Announced

Sri Lanka Secures $100 Million ADB Loan to Boost Sustainable Tourism Development

Sri Lanka Secures $100 Million ADB Loan to Boost Sustainable Tourism Development