Only a week worth of fuel at CPC

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With the drying up of the Indian Credit Line for fuel, petrol and diesel reserves currently with the Ceylon Petroleum Corporation (CPC) would only be sufficient for less than a week, Ceylon Today reliably learns.

Accordingly, fuel is currently being released to stations under strict conditions.

The biggest impact is on diesel reserves and it is being released in moderate amounts till another ship arrives to replenish stocks on 16 June.

A ship that is expected to arrive on 16 June would be carrying 40,000 MT of diesel. The next ship carrying petrol will arrive on 21 June and is expected to unload 35,000 MT of petrol.

Minister of Power and Energy Kanchana Wijesekara confirmed that the Indian Credit Line for importing fuel is drying up. He made this remark at a press conference on Friday (10).

Wijesekera told Parliament on Tuesday (7) that approximately USD 557 million or Rs. 234 billion is required to procure fuel for the month of June.

He said the Government has approved an additional loan of USD 500 million via the Indian Credit Line for fuel imports.

Meanwhile, Prime Minister Ranil Wickremesinghe informed owners of media outlets that although the international community would assist to overcome food and medical crises, no country would step in to provide fuel for free.  

By Chamara Amarasuriya