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Tokens issued to people waiting in line for fuel have been revoked.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.
Economic Crisis in Sri Lanka- Only essential services operate until July 10
The Cabinet has decided to activate only essential services in the country from midnight today. Only essential services such as health, airports, electricity, and essential food distribution are provides fuel. The government has also decided not to refuel any private vehicles. It has been decided to close all the schools in the suburbs till July 10 and the rest of the schools can act at the discretion of the principal. At present only the essential people are called for public service and the rest have been informed to perform their duties from home. It has been decided to suspend inter-provincial buses and provide fuel for short-distance buses through the SLTB Depot. Although the country has not been officially locked down, there are all indications that such a situation exists. Currently, the country’s fuel reserves are running low and a very limited amount of fuel is being released only for essential services.
Fuel supply to private vehicles stopped
The government has decided to suspend fuel supply to private vehicles from yesterday until the 10th of next month. Accordingly, fuel will be released only during that period for essential services. Cabinet Spokesman Bandula Gunawardena stated that no fuel will be released for private vehicles during this period. He said that fuel for essential services is issued from SLTB depots and the three Armed Forces filling stations.
Economic Crisis in Sri Lanka -The government suspended the conducting of urban schools for the week beginning from today
According to an official statement the government has released an announcement made on Saturday that due to a fuel crisis, it has decided to suspend the conducting of urban schools for the week beginning on the 27th.
Abu Dhabi National Oil Company (ADNOC) is preparing to launch operations in Sri Lanka?
Energy Minister Kanchana Wijesekera said that a cabinet paper will be presented to the Cabinet to hand over 1690 filling stations owned by the Ceylon Petroleum Corporation to qualified foreign companies today. The Minister said that this cabinet paper has proposed to provide filling stations to foreign companies on the condition of importing fuel to Sri Lanka under a loan scheme for at least six months or a year. It is rumoured that the Abu Dhabi National Oil Company (ADNOC) is preparing to launch operations in Sri Lanka. However, no official announcement has been made by Abu Dhabi or Sri Lanka. Abu Dhabi National Oil Company (ADNOC) is one of the world’s leading energy producers and The company was the primary catalyst for the growth and diversification of the Abu Dhabi economy.
A new strain of the coronavirus has been identified
A new strain of the coronavirus has been identified in 63 countries. Dr Chandima Jeewandara, Head, Department of Allergy Immunology and Cell Biology, Faculty of Medicine, University of Sri Jayewardenepura, commented on this on his Twitter account. He points out that this variety is spreading rapidly and has a strong effect on the immune system. He also said that Sri Lanka should also pay attention to this.
Many Sri Lankans are starving and begging in the streets of Dubai
Due to the current economic crisis, a large number of Sri Lankan youths who have gone to the United Arab Emirates for employment have become unemployed. Many of these people have come to the emirate on tourist visas thinking that it will be very easy to find a job there. However, it is reported that a large number of visitors have been begging without jobs for several months. They have been deceived by employment agencies and spent Rs. 4-5 lakhs on tourist visas to various provinces in the United Arab Emirates. But they have not had a job for months and are walking down the street hungry in the heat. These employment agencies have misled the youth and sent them back to the country claiming that it is easy to get a salary of around Rs. 500,000 in that country.
The economic crisis in Sri Lanka-Oil reserves are depleted, and The country is on the verge of collapse
Media reports that Sri Lanka currently has insufficient fuel reserves for a single day.At present, there are only 1100 tons of petrol and 7500 tons of diesel. The report also said that international companies have badly documented Sri Lanka due to Sri Lanka’s default on loans and are requesting a guarantee from an international bank to supply fuel to Sri Lanka. No fuel tankers have arrived in the country during the past week The report further states that if a fuel tanker does not arrive soon, even public transport will be disrupted and the country will be completely inactive. It said the issuance of fuel to the public on a token basis would also be futile as the existing small fuel stocks are issued only for essential services. According to sources, the power cuts will be extended due to the inability of the power plants to supply the required stocks of fuel. – Daily Mirror-
Fuel Crisis in Sri Lanka -Cattle and horse cart transport services begin with High demand in Sri Lanka
Steps have been taken to operate a horse and Bullock cart transport service in the Jaffna District as a solution to the transport disruption caused by the severe fuel shortage. From ancient times people used to travel by cart and with the advancement of technology, the number of carts decreased with the advent of vehicles. However, in the current scenario, many people have to look for alternative solutions for transportation and cart transport has come to the fore again. In the Jaffna District, some people have taken steps to activate the cart service using horses for urban transport and the owners say that this service will be in high demand in the future. The people of the North further say that in the future, the cart service will be reactivated using cattle in many parts of the Northern Province.
Sri Lankan Airlines to a Middle East County
The government has decided to extend the operation of Sri Lankan Airlines to a Middle Eastern country. The government thinks that the airline needs more fuel to run the airline and if the country that produces the fuel is given to the company, it will be able to operate more easily. The company is currently operating with a loan balance of over Rs. 31,000 crore. The government intends to restructure as this is no longer sustainable. The Minister in charge of the subject Nimal Siripala de Silva also stated that this work should be completed soon