Sri Lanka unloads fuel, crude after forex shortage delay. | Sinhala News

Sri lanka News –  Sri Lanka started unloading a petrol and crude oil consignment on September 16, following days of delay as the country’s state-run fuel retailer had to raise the money to make payments in US dollars, a government official said.

Sri Lanka is still struggling to import fuel as it had lost the credit facility from its suppliers after the island nation declared sovereign debt default in April this year.

An official from the Ministry of Power and Energy said out of four shipments including one crude, two are now being unloaded after the delay.

Minister of Energy Kanchana Wijeekera said the state-run Ceylon Petroleum Corporation has started unloading a diesel consignment on September 14 and the process will conclude on Saturday.

“One 37,000 MT Petrol 92 Cargo and One 100,000 MT Crude Oil Cargo will commence unloading today,” the Minister said in a twitter message.

The crude oil shipment has been in the port since August 23 and the payment has been delayed for 24 days, while two diesel consignments had arrived in the country on September 4 and 7 respectively, an official from the department told EconomyNext on Friday (16).

The petrol consignment had arrived on September 14.

“CPC is currently making around 30-35 million rupees a day and we have sent that amount to the Central Bank and they released the needed forex to clear the consignments,” the official said.

When asked about the demurrage or penalty for delayed unloading, the official said the demurrage requests have not come through yet.

Sri Lanka has limited fuel distribution – around 4,000 MT of diesel and 3,000 MT of petrol per day – due to its forex shortages.

The latest consignments are expected to last for another 10-12 days.

Minister Wijesekera in his twitter message said, another 40,000 MT shipment which is currently in port, is yet to be released upon payment. (Colombo/ Sep 16/2022)

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