Government to secure credit facilities to import petroleum products

August 24, 2021

The government is exploring the possibility of securing long term credit facilities to purchase petroleum products from the United Arabian Emirates and Iran. A discussion to this effect was held recently between Minister of Energy Udaya Gammanpila and the ambassadors of the relevant countries. Officials representing the MInistry and the Ceylon Petroleum Corporation also participated in the meeting. Sri Lanka presently is facing a severe foreign exchange crisis, and credit facilities to import petroleum products is a welcome move. A government source said. Long queues outside fuel stations, observed recently after the Minister of Energy called on the people to use fuel sparingly. However, the Ministry and the Ceylon Petroleum Corporation assured the consumers there are ample stocks in possession of the CPC until the end of October.

Government to secure credit facilities to import petroleum products

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