Sri Lanka’s Minister of Energy and Power Kanchan Vijayasekara, who’s dealing with acute gasoline scarcity because of loss of foreign currencies reserves, mentioned the federal government is exploring choices to shop for oil from Russia. For this Sri Lanka is searching for diplomatic channels.
At the prolong within the arrival of the send sporting gasoline, he instructed newshounds, “The ultimate send to return to Sri Lanka used to be a Russian send. Our first letter of credit score used to be rejected by means of world banks for the reason that send used to be owned by means of a Russian corporate.
He mentioned the 2 ministers are because of consult with Russia on Monday to talk about gasoline and different diplomatic issues. The Sri Lankan executive had ultimate week approached a number of firms instructed by means of the Russian embassy for the acquisition of crude.
In the meantime, petrol value in Sri Lanka has been greater by means of 50 Sri Lankan rupees and diesel by means of 60 Sri Lankan rupees. Gasoline costs had been raised for the 3rd time within the ultimate two months.
Public sector gasoline seller Ceylon Petroleum Company (CPC) mentioned the fee hike got here into impact from 2 pm on Sunday. Lanka IOC has additionally greater the costs in the similar share.
With this hike, the cost of petrol has long gone as much as 470 Sri Lankan rupees in keeping with liter and diesel to 460 Sri Lankan rupees in keeping with liter.