Sri Lanka fuel pumps may go dry in April; credit grant from India depleting
Sri Lanka may run out of diesel by the end of this month with the USD 500 million line of credit extended by India for fuel purchase exhausting fast amidst the unprecedented shortage of foreign reserves.
Sri Lanka is facing its worst economic crisis since gaining independence from the UK in 1948.
People have been protesting for weeks over lengthy power cuts and shortage of gas, food and other basic goods.
The public anger has prompted nearly all Cabinet ministers to quit, and scores of lawmakers to leave President Gotabaya Rajapaksa’s government.
According to officials, fuel shipments to Sri Lanka started coming in late March due to the urgency of the situation although they were scheduled to start from April 1.
