COLOMBO, Jun 19 (NNN-XINHUA) – Sri Lanka’s Minister of Power and Energy, Kanchana Wijesekera, told reporters today that, they have reached out to several Russian crude oil suppliers, for the country’s energy solution, according to the Russian embassy in Colombo.
Wijesekera said that, they are trying to obtain Russian crude oil on credit, to keep the country’s only oil refinery running.
The minister said that, Sri Lanka’s oil bill has risen to 550 million U.S. dollars a month, by Jun, 2022.
He added that, Sri Lanka now owes oil firms 730 million dollars for oil imported on credit, and these companies will now only supply fuel after upfront payments or deposits.
Sri Lanka has suffered crippling fuel shortages since Feb, as a foreign exchange crisis worsened in the country.– NNN-XINHUA
