Fuel Crisis in Sri Lanka- People hanged a vehicle trying to steal fuel
This is reported from the highway in the Obeysekarapura area. A three-wheeler hanging from a light pole is a punishment. Those who were punished were hanged with a board and some cans for that reason. The board states, ‘ Three-wheeler stole Diesel Patrol in our area HB 4238’ But many states the area is famous for crimes and authorities should involve in the incident before another crime happens due to this incident.
Australians wore blue for the final ODI
Recently, Sri Lanka Cricket fans entered the R Premadasa Stadium in Colombo in yellow to watch the final ODI against Australia. The reason for this was that they did not isolate Sri Lanka during difficult times but indirectly helped them to earn dollars and joined the Sri Lankan cricket competition. It was hailed as a great performance and in response, some Australians in the Test cricket match against Australia, which started in Galle, came in wearing the Sri Lankan team’s blue and expressed their gratitude.
Economic Crisis in Sri Lanka-Oil tanker will not arrive until July 22 – Sagala Ratnayake
In a discussion with newspaper editors at the Prime Minister’s office in Colombo, the Prime Minister’s Advisor Mr. Sagala Ratnayake said that the oil corporation will not be able to find a petrol ship until July 22. However, he said they were trying to get a fuel tanker or two before that date. He also said that although there was money for diesel, there was a problem finding ships due to the Russian-Ukrainian crisis.
Sri Lanka’s surface inflation rose to 54.6% in June 2022
Sri Lanka’s surface inflation rose to 54.6% in June 2022. Food inflation rose to 80.1% from 57.4%. Transport inflation is 128%. This is according to the May Overview released by the National Consumer Price Index.
Economic Crisis in Sri Lanka – Sri Lanka will have to conduct a 10- 15 hour power cut
Anil Ranjith, President of the Electrical Engineers’ Association, said that in the future, power generation at hydropower plants will have to be cut for 10 to 15 hours a day if they are not operated without proper management during a severe fuel crisis. Mr Ranjith said that one machine at the Norochcholai power plant would lose 270 megawatts due to repairs and another significant megawatt due to the fuel crisis. He also said that in such a situation, due to the provision of electricity for more hours, if hydroelectric power is produced without proper management, the amount of power produced may decrease gradually. He further said that it is a serious problem that all the parties do not come to one table and discuss at this time when electricity supply is also a serious problem, tor to find a solution to the electricity crisis, decisions should be made in consultation with the people who have knowledge and understanding of the subject.
Economic Crisis in Sri Lanka -Foreign Airlines decides to suspend or reduce arrivals to Sri Lanka.
The focus is on reducing or suspending foreign flights to Sri Lanka. The reason for this is that Sri Lanka has instructed flights arriving in Sri Lanka to refuel their return flights. However, foreign airlines have been focusing on reducing the number of cargoes due to overfilling and the extra cost of refuelling on the way to another airport. It is also reported that due to this, the price of tickets for incoming and outgoing flights to and from Sri Lanka could increase significantly. Currently, SriLankan Airlines’ jet fuel is processed through airports in India
Economic Crisis Sri Lanka -Central Bank calls for massive bond auction
The Bank of Ceylon today called for a high value bond auction. Applications have been called for a massive Rs. 150 billion bond issue today. The announcement is as follows.
Cabinet approves sale of Cipetco to IOC and others
Energy Minister Kanchana Wijesekera stated on Twitter today morning (28) to announce that the Cabinet had approved the sale of Ceylon Petroleum Corporation’s Cipetco outlets to Indian Oil and other companies. The message he issued notes these two points. 1) Cabinet approval was given to open fuel import and retail markets for companies in oil producing countries. They are selected on the basis of their ability to import fuel and if they can operate for the first few months of operation without foreign exchange requirements from the Central Bank and other banks. 2) The Petroleum Corporation will be the service provider for supplies, wholesale and distribution, with a service charge from the companies. CEYPETCO’s existing 1190 CEYPETCO outlets and new outlets will be open to IOC and selected new companies. The refinery will operate with the Petroleum Corporation.
Russian attack on a Ukrainian shopping mall where more than 1,000 people were staying
Russian missile strikes a busy shopping centre in the town of Kremenchuk in Ukraine’s Poltava region. President Selensky estimates that 1,000 people were inside the mall at the time of the attack. The death toll has not yet been confirmed and foreign media have reported that the shopping mall is still on fire. This is not the first time the city, with a population of about 200,000, has been hit by a Russian missile. Earlier in the day, Russian missiles struck the city’s oil refinery and other infrastructure. It is one of the largest industrial cities in Ukraine. Sharing a video of the fire on Instagram, Selensky said: “The mall is on fire, rescuers are fighting the fire, and the number of victims is unimaginable. It is useless to expect humanity from Russia. “
Economic Crisis in Sri Lanka -Fuel tokens are worthless – Ministers go around the world looking for oil loans
Tokens issued to people waiting in line for fuel have been revoked. That is with the government’s decision not to release fuel to the general public until the 10th. Tokens were issued at several petrol stations yesterday stating that fuel would be delivered within two to three days. People waited in long queues to get those tokens. Meanwhile, several Sri Lankan ministers have gone abroad to obtain fuel on a pay-as-you-go basis following the complete depletion of fuel reserves. Energy Minister Kanchana Wijesekera has left for Qatar to discuss a loan from the country. Education Minister Susil Premajayantha has also left for Russia, hoping to obtain fuel from Russia on a later payment basis. However, loan deals with the international community have become more difficult as the government has announced that it will not repay the loans as Sri Lanka is unable to repay the loans.