Unloading of fuel stalled amid dollar deficit – late fee exceeds Rs. 60 million

Date:

About four ships carrying fuel have arrived at the Colombo Port but the unloading of fuel has stalled due to the non-issuance of dollars for fuel amid the ongoing dollar deficit in the country.

The circumstance has led to summing up a late fee of US$ 300,000 (over Rs. 60 million).

As of now, two ships carrying 40,000 metric tonnes of diesel, one ship carrying 30,000 metric tonnes of jet fuel and one ship carrying 30,000 metric tonnes of petrol have arrived at the Port, but the unloading of fuel has started only on the ship carrying petrol.

Despite the order, the unloading of fuel may not be carried out until the required amount of dollars are issued, and the crisis could worsen given the rising late fee amidst the ongoing standstill.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka Considers Compensation for Colonial Abuses

Sri Lanka’s Parliament has become the latest arena in...

Sri Lanka’s US Trade Surplus Faces Test amid Rising Tariffs

Sri Lanka’s trade relationship with the United States remains...

World Bank Strategy Targets Jobs, Resilience after Sri Lanka Floods

With Sri Lanka facing recurring floods and cyclones that...

Rising IPO activity to Redefine Sri Lanka’s Capital Market Position

 Sri Lanka’s capital market trajectory in 2026 will be...