Govt assures stocks available till January 2022

By Thameenah Razeek | Published: 2:00 AM Oct 22 2021
News Govt assures stocks available till January 2022

By Thameenah Razeek

Long queues were seen at fuel stations yesterday (21) after reports of a fuel crisis started circulating among the public. However, the Government claimed that panic-buying has resulted in thousands of stations experiencing acute fuel shortages. Energy Ministry Secretary K.D.R. Olga assured that there is no fuel crisis in the country. 

“Fuel supply may continue until January since enough fuel has already been stockpiled for few more months,” she noted. When asked the reason behind the panic buying, she said that certain political parties are attempting to instil fear in the public by claiming that there will be a fuel shortage or a price increase.

 Secretary Olga said that people should not be worried about a fuel scarcity because the USD 500 million credit line for fuel supply from India will expire in December.

 “And then we can begin other preparations to buy fuel to meet demand beginning in January,” she said. Meanwhile, the Ministry’s Media Secretary claimed that there might be shortages in fuel stations controlled by LIOC, but not Ceypetco. “LIOC is the one that is incurring tremendous losses and they have the liberty to raise the fuel prices at their stations,” he explained.

By Thameenah Razeek | Published: 2:00 AM Oct 22 2021

More News