Colombo: Petrol, Diesel Sri Lanka, which is failing to live up to its promise of credit, has asked India to raise an additional $ 500 million.
In stock for the last few days Diesel To the great crisis of exhaustion Sri Lanka Became. To Sri Lanka in this dire situation India Immediately delivered 40,000 tons of diesel. Great consolation to Sri Lanka affected by the crisis.
The two countries have signed an agreement to provide a $ 1 billion loan to crisis-hit Sri Lanka. Accordingly Credit limit Petrol, determined and continued Diesel Provide India Action is being taken.
India is providing $ 500 million in credit for essential items, including fuel and medicine. Accordingly, on April 15, 18 and 23, three 40,000 tons of diesel will be released. India Is to send. Of the same size Petrol Sent April 22nd.
But India The deadline for petrol and diesel already issued ends this month. As per the agreement already made, the loan amount for fuel will be paid in installments to India by the end of this month Sri Lanka To provide.
At the end of the deadline India As the credit limit should be increased Sri Lanka Has requested. I.e. Diesel in addition to the advance, before the end of the loan already provided, Petrol And requests that pharmaceutical products be provided.
Officials of the two countries are holding talks in this regard. If there is no agreement on this India Petrol, Diesel The delivery process may be discontinued. If that happens, there will be a severe shortage of petrol and diesel in Sri Lanka again by the end of April.
Credit limit on rotation Sri Lanka If not, petrol to the country, Diesel Providing Indian oil companies are also at risk of falling into debt traps. So it seems that India is reluctant to raise Sri Lanka’s credit limit immediately.
Ali Sabri, the country’s finance minister, has called for a further $ 500 million credit limit. The new appointee resigned within 24 hours. He was then reinstated yesterday. He said:
There is a great shortage of petrol and diesel in Sri Lanka. Another $ 500 million credit limit from India for fuel Sri Lanka Demands. This will be sufficient for five week needs. We ask that you help us with this. We have no choice.
We have also sought assistance from the Asian Development Bank, the World Bank and China, the United States, the United Kingdom and the Middle East. We know where we are. Struggle alone will not solve the problem.
We are in talks with China to restructure $ 1.5 billion in debt, up to $ 1 billion in consolidated debt and some of the loans already received. Steps have been taken for this since January.
We hope we can get some help. This assistance will help Sri Lanka recover from the crisis. We are a neutral country. We are all friends. We firmly believe that goodwill relations will give in this time of great impact.
Thus he has said.