The island is wilting under its worst financial crisis in seven decades with foreign exchange reserves at record lows leaving it scrambling to pay for essential imports including fuel, food and medicine.
"We are struggling to find suppliers. They are reluctant to accept letters of credit from our banks. There are over $700 million in overdue payments so now suppliers want advance payments," Power and Energy Minister Kanchana Wijesekera told reporters.In the past two months Sri Lanka largely recieved fuel via a $500 million Indian credit line, which ran out in mid-June. A petrol shipment due last Thursday failed to arrive and no fresh shipments are yet scheduled, Wijesekera said.
A price hike in May pushed inflation to 45.3%, the highest since 2015.People, already waiting in miles-long, snaking queues outside pumps, are unlikely to get fuel as the government will focus on issuing the remaining stocks for public transport, power generation and medical services, Wijesekera said.
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Sri Lanka struggling to secure fresh fuel supplies, minister saysSri Lanka is struggling to secure fresh fuel supplies, a top government minister said on Sunday, as the crisis-hit country of 22 million people is down to just 15,000 tons of petrol and diesel to keep essential services running in the coming days.
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Sri Lanka struggling to secure fresh fuel supplies, minister saysSri Lanka is struggling to secure fresh fuel supplies, a top government minister said on Sunday, as the crisis-hit country of 22 million people is down to just 15,000 tons of petrol and diesel to keep essential services running in the coming days.
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Just keep your returns: Store chains consider paying you not to bring back unwanted itemsFuel prices and the supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them.
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Just keep your returns: Store chains consider paying you not to bring back unwanted itemsFuel prices and the supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them.
続きを読む »
Just keep your returns: Store chains consider paying you not to bring back unwanted itemsFuel prices and the supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them.
続きを読む »
Just keep your returns: Store chains consider paying you not to bring back unwanted itemsFuel prices and the supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them.
続きを読む »