India provided a total of 76,000 metric ton of fuel to Sri Lanka in the last 24 hours, said the High Commission of India in Colombo on Wednesday.
Two Indian consignments of 36,000 metric ton of petrol and 40,000 metric ton of diesel were delivered to Sri Lanka, taking the total Indian fuel assistance to Sri Lanka so far to 2,70,000 metric ton.
#Indian credit line for fuel at work!!! One consignment each of 36,000 MT petrol and 40,000 MT diesel was delivered to #SriLanka in the last 24 hours. Total supply of various types of fuel under Indian assistance now stands at more than 270,000 MT. pic.twitter.com/QMO8fftnXA— India in Sri Lanka (@IndiainSL) April 6, 2022
Sri Lanka is currently going through its worst financial crisis, where the country has an acute shortage of foreign exchange that has caused shortage of vehicular fuel, cooking gas, and food in the country. The country is facing up to 13 hours of power cuts a day as there is shortage of fuel to produce thermal power.
These shipments are part of the $500 million line of credit signed between India and Sri Lanka in February.
The total Indian assistance so far has reached around $2.5 billion, which includes $1 billion for essentials such as foodstuffs and medicines, $500 million for fuel, and a currency swap agreement between the Reserve Bank of India and the Sri Lankan central bank.
More Indian fuel shipments are expected to be delivered to Sri Lanka by May, according to reports.