Government seeks to use World Bank money for oil


The Prime Minister Ranil Wickremesinghe said in Parliament yesterday that discussions have commenced on the possibility of using the $ 160 million received this week under the World Bank Emergency Humanitarian Assistance for petroleum imports.

“Yesterday we received 160 million dollars from the World Bank. We cannot use it for fuel but we are discussing with them if we can or not,” Wickramasinghe said in Parliament.

Petrol imports have come to a standstill due to the current foreign exchange crisis in Sri Lanka. The Government hopes to find a solution within the next few days.

The Government has not yet paid for the import of petrol since March 28. The government owes about $ 53 million to these importers.

Minister of Power and Energy Kanchana Wijesekera yesterday stated in Parliament that all diesel distribution activities will continue from yesterday evening.

Accordingly, the distribution of diesel to all petrol stations in the island will continue.

Meanwhile, he stated in Parliament that there is a restriction on the distribution of petrol and that the distribution of petrol has been expedited for essential activities.

On Monday, Minister of Power and Energy Kanchana Wijesekera participated in a special meeting with suppliers who had submitted proposals to supply fuel to the country under various methods.

With the country’s fuel crisis, various parties have suggested that the country could supply fuel in a variety of ways.

In the last four weeks, 67 proposals have been submitted to the Ministry of Energy.

All these proposals were examined by a team of officials of the Ceylon Petroleum Corporation and identified as 39 proposals that are in line with the requirements of our country’s fuel standards, pricing methods and practical implementation.

Minister Kanchana Wijesekera had a discussion with the agencies that submitted the proposals at the Ministry of Energy last evening.

They were briefed on the current methods of importing fuel to Sri Lanka and the methods of paying for such fuel and answered their questions regarding the supply.

By Ishara Gamage