Sri Lanka expects petrol shipment on November 8
Nov 06, 2017 17:14 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka expects a ship carrying 42,000 MT of petrol to dock at Colombo port on the night of November 8, easing a shortage triggered by panic buying after a shipment was rejected, an official said.
Arjuna Ranatunga, Minister of Petroleum Resources Development, said the Ceylon Petroleum Corporation was now delivering 2,500MT of petrol a day to fuel retail outlets.
The CPC had stocks of 10,000MT, enough for the next three days, he said.
The CPC was also refining about 750-800 MT a day, he told a news conference to explain measures the government was taking to ease the petrol shortage that saw long lines of motorists waiting for fuel at outlets.
The refinery had also been shut for three days, which also worsened the supply problem, Ranatunga said.
“The main reason for the shortage was that people panicked and were pumping more petrol than usual,” he said.
(COLOMBO, November 06, 2017)