Sri Lanka to restrict fuel imports for next 12 months රොයිටර්

dxx

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  • Dec 26, 2011
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    A woman sits on an empty domestic cooking gas cylinder at a distribution centre, amid the country's economic crisis, in Colombo

    A woman sits on an empty domestic cooking gas cylinder at a distribution centre, amid the country's economic crisis, in Colombo, Sri Lanka, July 23, 2022. REUTERS/Adnan Abidi

    COLOMBO, July 25 (Reuters) - Sri Lanka will restrict fuel imports for the next 12 months because of a severe shortage of foreign exchange, its energy minister said on Monday, as the island nation's new government seeks to find a way out of a crippling economic crisis.
    The country of 22 million has been grappling with a lack of essentials, including fuel and medicines, for months, after its foreign exchange reserves ran dry because of economic mismanagement and the impact of the COVID-19 pandemic.

    "Due to Forex issues, Fuel imports has to be restricted in the next 12 months," Sri Lanka's Minister for Power and Energy, Kanchana Wijesekera, said in a tweet, explaining the rationale behind a fuel rationing system that will be implemented this week.

    https://www.reuters.com/world/asia-...trict-fuel-imports-next-12-months-2022-07-25/


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