4
Tuesday
October 2022
4:12 PM IST
News Headlines
India hope to clinch T20 series against SA despite Bumrah's absence        National Games: Another smiling day for J&K fencers, win two medals        GST collection Rs 1.48 lakh cr in Sep        Union Bank of India launches 9 ULAs        Russia not reelected to ICAO Council        Over 17 people injured in clashes between protesters and police in Baghdad        UP: 25 die, dozen injured as tractor-trolley overturns in a pond        Kharge, Tharoor in direct contest        Delhi HC: Satyendar Jain's plea challenging transfer of Money Laundering case dismissed        Kerala Guv, CM condole Kodiyeri's demise        CPI(M) leader Kodiyeri Balakrishnan no more        Kerala govt to make anti-drug campaign part of curriculum        With eye on T20 WC, Harmanpreet plans to try out batters for all phases in Asia Cup        Tharoor files nomination for Cong prez poll, says he is for change while Kharge is 'candidate of continuity'        Global recession increasingly likely as cost of living soars: Chief economists' survey        Digvijaya Singh leaves for Delhi, likely to file nomination for Cong president election        Surya,Rahul lead India to eight wicket win against South Africa        Malayalam actresses alleges sexual assault at mall in Kozhikode        Extension of free ration scheme will benefit crores of people, ensure support in festive season: PM Modi        Rabies        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
International News
Sri Lanka to restrict fuel imports for one year amid worst economic crisis: Minister
 
Colombo, Jul 26 (PTI) Sri Lanka will restrict fuel imports for the next 12 months as it is facing a severe shortage of foreign exchange, Minister of Power and Energy Kanchana Wijesekera has said while announcing a rationing system for the distribution of fuel across the crisis-hit island nation.

Sri Lanka, a country of 22 million people, is under the grip of an unprecedented economic turmoil, leaving millions struggling to buy food, medicine, fuel and other essentials.

The severe foreign exchange shortage has hampered the import of fuel and other essentials in the country reeling under the worst economic crisis in seven decades.

Taking to Twitter on Monday, Wijesekera said a QR system has been introduced as the daily fuel demand cannot be fulfilled.

QR system was introduced since the daily fuel demand cannot be fulfilled. Due to Forex issues, Fuel imports have to be restricted in the next 12 months, he said.

Ceylon Petroleum Corporation (CPC) has never distributed Fuel daily to Every single Fuel Station. Practically not possible even when stocks are unlimited, he said.

With the government hard pressed to pay for fuel imports due to the severe forex crisis, it introduced a fuel pass scheme on Saturday where the issues would be rationed under a limited weekly quantity.

Since June 27 the government has stopped fuel supplies and restricted essential services.

In a series of tweets, the minister explained the implementation of the National Fuel Pass.

The National Fuel License (QR) will be implemented from July 26 at several CEYPETCO and the Lankan Indian Oil Company (LIOC) petrol stations across the country. This system will be in effect until August 1 with the last digits of the number plate, he said.

Filling stations not equipped or having technical difficulties will follow the last digit system and fuel quota allocation until the technical issues are rectified, he said, adding that 60 per cent of the locations had already been equipped and tested and will be given a priority in fuel distribution.

All petrol station owners of CEYPETCO and LIOC are requested to adopt QR system immediately and distribution will be strictly enforced to fuel stations with the QR facilities by 1st of August. We request the public to register with National Fuel Pass and support the initiative, he said.

Options will be given to users to register multiple vehicles with their business registration by the end of the week and to Government institutes to register. Divisional secretaries will be given access to the platform to register generators, gardening equipment and other equipment, he said.

Wijesekera said the police department and divisional secretaries will be given access to register three-wheelers, allocating each three-wheeler to one specific fuel station.

Other services such as Health, Agriculture, Fisheries, Tourism, Industries and service providing sectors will be given access to the system to register their requirements and allocation of vehicles at fuel stations, he said.

From the 1st of August only the QR system quota will be in place and the last digit of the number plate system and other allocations will be invalid. National Youth Corp and National Youth Council members and volunteers will assist the program at fuel stations for the next 10 days, the minister said.

In crisis-hit Sri Lanka, many incidents of violence have been reported at fuel queues and nearly 20 people have died of exhaustion after spending several days continuously in the fuel queues.

Since the beginning of this year, Sri Lanka relied on an Indian line of credit to fund fuel purchases.

Sri Lanka, which relied on an Indian credit line for fuel imports till February, has now exhausted the facility. The last fuel shipment under the Indian Credit Line arrived on June 16.

Sri Lanka's fuel and energy sectors are the worst hit by the forex shortages triggered by the unprecedented economic crisis.

The government declared bankruptcy in mid-April by refusing to honour its international debt. The situation created a thriving black market where people paid to secure a place in the queue and fuel was sold 4 times higher than the legal retail price.

Former President Gotabaya Rajapaksa was forced out of power last week due to his poor handling of the economy.


Russia not reelected to ICAO Council
Over 17 people injured in clashes between protesters and police in Baghdad
Queen’s name inscribed on chapel stone in UK, to open to public soon
'Not a bluff': Vladimir Putin calls up 300,000 reservists to take on West
27 killed, 20 injured as bus carrying people to COVID quarantine centre crashes in China
President Murmu offers tribute to Queen Elizabeth II ahead of her state funeral
Queen Elizabeth II: a moderniser who steered the British monarchy into the 21st century
Biden is 13th and final US president to meet Queen Elizabeth
N Korea says it will never give up nukes to counter US
Twitter testing new 'edit button' feature
1.5 million Sri Lankans seek food assistance
Mass shooting in US store
Over 80 injured, 12 dead in clashes in Tripoli
Greek PM rejects demand for snap elections over wiretapping scandal
Road bomb hits foreign diplomatic vehicle in Iraq's Baghdad
6 IS militants killed in airstrike in Iraq
Zelenskyy to host Lviv talks with UN chief, Turkish leader
16 killed, 36 missing in flash flooding in China: officials
1 killed in Armenian shopping center blast
Heavy rain kills 52 in Sudan
ENTERTAINMENT NEWS
Ranveer Singh bags Filmfare Best Actor for '83'
 New Delhi: Superstar Ranveer Singh has undoubtedly delivered one of the most acclaimed performances  
RRR can hit theatres on Holi
King Khan returns to Insta after months of silence
Celebrity couple Dhanush-Aishwarya Rajinikanth part ways
KERALA NEWS
Kerala Guv, CM condole Kodiyeri's demise
 Thiruvananthapuram: Kerala Governor Arif Mohammed Khan and Chief Minister Pinarayi Vijayan condoled
Kerala govt to make anti-drug campaign part of curriculum
Malayalam actresses alleges sexual assault at mall in Kozhikode
Railway stations are being developed like airports: PM Modi
NATIONAL NEWS
UP: 25 die, dozen injured as tractor-trolley overturns in a pond
 Kanpur: In a major incident 25 people, mostly women and children, were killed and nearly a dozen oth
Kharge, Tharoor in direct contest
Delhi HC: Satyendar Jain's plea challenging transfer of Money Laundering case dismissed
Digvijaya Singh leaves for Delhi, likely to file nomination for Cong president election
Untitled Page
Rashtra Deepika LTD
Copyright @ 2021 , Rashtra Deepika Ltd.