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

MG News | June 28, 2022 at 10:49 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 28, 2022: 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."

Reuters

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,478.94 174.95M	-0.41% -696.57
ALLSHR	102,885.54 725.60M	-0.29% -297.60
KSE30	50,877.61 79.52M	-0.67% -344.88
KMI30	243,917.86 73.26M	-0.62% -1524.88
KMIALLSHR	66,743.35 311.96M	-0.35% -234.16
BKTi	46,317.47 21.24M	-0.81% -377.00
OGTi	35,218.63 5.39M	-1.33% -473.03

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,865.00	63,085.00 59,600.00	1350.00 2.23%
BRENT CRUDE	92.78	95.90 92.67	-2.25 -2.37%
RICHARDS BAY COAL MONTHLY	122.00	122.00 121.00	-0.75 -0.61%
ROTTERDAM COAL MONTHLY	134.35	138.25 134.00	0.30 0.22%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	90.25	0.00 0.00	-0.29 -0.32%
SUGAR #11 WORLD	14.12	14.50 14.09	-0.15 -1.05%