Go

Follow Us

Lanka seeks $500 mn loan from India for fuel

Colombo, October 17

Sri Lanka has sought a USD 500 million credit line from India to pay for its crude oil purchases amid a severe foreign exchange crisis in the island nation. The move came few days after energy minister Udaya Gammanpila warned that the current availability of fuel can be guaranteed only till next January.

The state-run Ceylon Petroleum Corporation owes USD 3.3 billion to the two banks. The state oil distributors import crude from Middle East and refined products from other areas. — PTI

Join Whatsapp Channel of The Tribune for latest updates.

Show comments

Show comments

Trending News

Also In This Section

Indian-origin astronaut Sunita Williams' 3rd space mission called off due to technical glitch

Russia's Vladimir Putin sworn in as president for a fifth term

Indian-origin astronaut Sunita Williams to fly NASA to space on May 10: Boeing

Sri Lanka continues free tourist visas for India, six other countries amidst controversy

Ukraine says it foiled a Russian spy agency plot to assassinate President Zelenskyy

Top News

Excise scam: No immediate relief for Arvind Kejriwal; but SC hints at interim bail to Delhi CM in view of Lok Sabha polls

Excise ‘scam’: Delhi court extends judicial custody of Arvind Kejriwal, Manish Sisodia, K Kavitha

Glorification of violence should not be part of any civilised society, India tells Canada

Resume work as IAS officer, Punjab tells BJP’s Bathinda candidate Parampal Kaur

3 Independent MLAs withdraw support, BJP govt reduced to minority in Haryana

Don’t Miss

View All

Kangana Ranaut claims ‘after Amitabh Bachchan, I am the one who gets respect in industry’, netizen says ‘chall jhuthi'

10-year-old Delhi boy runs food cart to support family after father’s death; businessman offers help

Sharing a video on X, Anand Mahindra extends support to the boy

Indian-origin astronaut Sunita Williams set to fly into space again on first crewed mission of Boeing's Starliner

Williams, 59, a retired US Navy captain, and Wilmore will pilot the flight

Former bureaucrat Ashok Kundra believes in giving

Gurbani rings out at UK Parliament complex for Baisakhi

The event is organised by the British Indian think-tank 1928 Institute and diaspora membership organisations City Sikhs and the British Punjabi Welfare Association

‘Like Switzerland’: Saina Nehwal on visit to Lahaul, Manali

Father elated at Arshdeep Singh’s selection in Team India

Harappan habitat found near Rakhigarhi burial site in Hisar district

View all stories in this section

Most Read In 24 Hours

1

2

3

4

5

6

7

8

9

10