BR100 Increased By (0.02%)
BR30 Decreased By (-0.28%)
KSE100 Decreased By (-0.14%)
KSE30 Decreased By (-0.34%)
BECO 5.89 Decreased By ▼ -0.14 (-2.32%)
BML 57.60 Increased By ▲ 4.85 (9.19%)
BOP 33.90 Decreased By ▼ -0.35 (-1.02%)
CNERGY 8.16 No Change ▼ 0.00 (0%)
DCL 11.84 Decreased By ▼ -0.50 (-4.05%)
FCCL 53.70 Decreased By ▼ -0.19 (-0.35%)
FCSC 5.34 Increased By ▲ 0.12 (2.3%)
FFL 17.86 Decreased By ▼ -0.17 (-0.94%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.15 Increased By ▲ 0.15 (1.36%)
KEL 8.08 Decreased By ▼ -0.03 (-0.37%)
KOSM 5.47 Increased By ▲ 0.09 (1.67%)
MLCF 88.10 Increased By ▲ 0.05 (0.06%)
NBP 183.75 Decreased By ▼ -2.73 (-1.46%)
PACE 11.45 Increased By ▲ 0.73 (6.81%)
PAEL 40.30 Increased By ▲ 0.36 (0.9%)
PIAHCLA 26.20 Increased By ▲ 0.03 (0.11%)
PIBTL 17.25 Decreased By ▼ -0.07 (-0.4%)
PPL 231.55 Decreased By ▼ -1.23 (-0.53%)
PRL 34.50 Decreased By ▼ -0.45 (-1.29%)
PTC 67.38 Decreased By ▼ -0.18 (-0.27%)
SEARL 91.30 Increased By ▲ 0.37 (0.41%)
SSGC 27.00 Decreased By ▼ -0.17 (-0.63%)
TELE 8.56 Decreased By ▼ -0.01 (-0.12%)
THCCL 64.60 Increased By ▲ 4.47 (7.43%)
TPLP 9.31 Increased By ▲ 0.55 (6.28%)
TREET 24.60 Increased By ▲ 0.06 (0.24%)
TRG 71.95 Increased By ▲ 0.20 (0.28%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
Markets

Fuel shortage grips Sri Lanka

Published November 6, 2017 Updated November 6, 2017 07:39pm

COLOMBO: A Sri Lankan minister was forced Monday to apologise for a fuel shortage that has seen long queues form at gas stations and forced many commuters to leave their cars at home.

Petroleum minister Arjuna Ranatunga said the government was working to resolve the crisis, which came weeks after authorities turned away a shipment of about 40,000 tonnes of gasoline saying it was contaminated.

"I apologise to consumers for this inconvenience, but we rejected the last shipment because we didn't want to give substandard product to our motorists," the minister told reporters.

"We were expecting another shipment at the start of this month but it was delayed," he said, adding he now expected it to arrive on Wednesday night.

Gasoline is used mostly for cars, motorcycles and the country's ubiquitous tuk-tuk taxis.

The situation forced many commuters to turn to public transport, which was unaffected as it mostly runs on diesel.

Ranatunga said the situation had been made worse by panic buying fuelled by reports of a fuel crisis on social media.

Petroleum officials said they were down the last 10,000 tonnes of gasoline in their storage tanks while the daily average consumption of 2,500 tonnes had shot up by over 50 percent in the past two days.

Sri Lanka's retail oil market is operated by the state-owned Ceylon Petroleum Corporation and a local arm of the Indian Oil Company.

Ranatunga said the government would have to consider bigger and better storage arrangements to ensure supplies to the island, which has no oil of its own and imports finished products as well as crude oil for refining locally.

Copyright AFP (Agence France-Press), 2017
 

 

 

Comments

Comments are closed for this article.