Sri Lanka to let firms from oil-producing nations import, sell fuel


Reuters | Colombo | Updated: 28-06-2022 11:03 IST | Created: 28-06-2022 10:59 IST
Sri Lanka to let firms from oil-producing nations import, sell fuel
Kanchana Wijesekera Image Credit: Twitter(@kanchana_wij)
  • Country:
  • Sri Lanka

Sri Lanka will allow companies from oil-producing nations to import and sell fuel in the country, the power and energy minister said on Tuesday, as the country tries to overcome a massive shortage of petrol and diesel.

"Cabinet approval was granted to open up the fuel import and retail sales market to companies from oil-producing nations," Kanchana Wijesekera said on Twitter. "They will be selected on the ability to import fuel and operate without forex requirements from the CBSL (central bank) and banks for the first few months of operations."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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