Letter of Credit opened to purchase Octane 92 petrol

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A Letter of Credit (LC) for USD 42.6 million has reportedly been opened for the purchase of Octane 92 petrol.

According to reports, 300,000 barrels of petrol are expected to be purchased through this LC, which has been opened by a state bank.

Meanwhile, long queues are still observed at petrol stations islandwide.

By Kumudu Jayawardana