Ship carrying diesel arrived on March 22 not yet paid!

Date:

The ship carrying diesel arrived at the Colombo Port on March 22 is still anchored as the stocks have not yet been unloaded due to not being paid, in a continuous fuel crisis which has driven the country to a point where many fuel stations are closed.

The country has to rely entirely on fuel stocks arriving in the country backed by the debt facility provided by India, but there were no dollars to pay off the ship.

The country is suffering from a huge dollar crisis that even a ship carrying fuel cannot be paid off.

In the backdrop. power generation using fuel has come to a complete standstill.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lankans Turn to Crypto amid Regulatory Uncertainty

A quiet but powerful financial shift is taking root...

Dormant State owned Enterprises Emerge as a Major Accountability Crisis

Sri Lanka’s much-publicised state-sector reform agenda is now under...

Japan Cooperation Agency- Dialog Digital Push Poised to Transform Sri Lanka

Sri Lanka’s digital and social development drive is set...

Oman Opens Doors to Sri Lanka as Trade, Investment Prospects Rise

Oman is intensifying efforts to draw foreign investment under...