One billion credit line sought from India & China to buy fuel till December
Sri Lanka is to begin negotiations for fresh credit lines with India and China with the aim of raising US$ one billion for the purchase of fuel for the rest of the year, a senior Treasury official said.
He said they were trying to obtain US$ 500 million each from these two countries to ensure that petrol and diesel supplies could be maintained after the current supplies end.
The move comes as only a US$ 200 million credit line from India was left to purchase fuel.A request by the Treasury via the Foreign Ministry to purchase crude oil from Russia has not received a response so far.