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

Revenue Surge to Stall in 2026 as Vehicle Imports Decline

Sri Lanka’s fiscal outlook for 2026 appears to be...

BOC Reboots Digital Future with New IT Solutions Arm

In a strategic move to accelerate its digital transformation,...

Pipeline Promise or Policy Mirage? Sri Lanka’s Risky Irrigation Gamble

In a bold but contentious move, the Sri Lankan...

Tea Research Institute Marks 100 Years of Innovation and Growth

The Tea Research Institute of Sri Lanka (TRI), the...