Sri Lanka to receive US$ 500 million from India for fuel purchases

Date:

Sri Lanka is due to receive a debt facility of US$ 500 million from India for fuel purchases. This provision will be made based on a request made by the Sri Lankan government.

Prior to being received the debt, Sri Lanka has also received 40,000 metric tonnes of diesel for the management of energy crisis.

These fuel stocks have arrived in the Colombo Port from ‘Swarna Pushpa’ ship and were handed over to Energy Minister Udaya Gammanpila by Indian High Commissioner to Sri Lanka Gopal Baglay.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

A Strategic Imperative: Restoring the Medical Backbone of the Sri Lanka Army

Narahenpita Military Hospital, an establishment critical in providing a...

Shame on You JVP – Your Slip is Showing

By Adolf  The JVP has long built its political identity...

Sri Lanka’s Banks Show Strength on Paper as Reserves Slip Backward

Sri Lanka’s banking sector, long considered the backbone of...

Colombo Port Gridlock Threatens Sri Lanka’s Export Competitiveness

Sri Lankan exporters are once again facing mounting uncertainty...