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PM pledges sufficient fuel stocks for 4 months

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Prime Minister Ranil Wickremesinghe assures that fuel stocks sufficient for four months will be secured after the Indian local facility is inked.

The Premier in a special statement said 3,500MT of gas that arrived on the island yesterday will be prioritised for hospitals, hotels, and crematoriums.

The Prime Minister said shipments will arrive sufficient for gas and fuel for a four-month continuous supply.

In yesterday’s statement Premier Wickremesinghe said the continuous supply of gas and fuel can be ensured only if at least 50 percent of the existing demand is met.

Prime Minister Wickremesinghe said they will secure sufficient consignments of gas for four months which however will require 14-days to secure stocks.

However, the Prime Minister expressed hope that more shipments will arrive in the country.

The Premier stated that as warned before, the toughest three weeks pertaining to fuel is upon us, adding that this is especially evident through the queues for gas and fuel.

The Premier noted that the government decided to supply fuel uninterrupted, adding that only 50 percent of the current demand can be sustained.

The Prime Minister said priority will be given to power generation, transportation and many other essential services.

Prime Minister Wickremesinghe said they have sufficient fuel for seven days at present, and revealed that tomorrow, a ship carrying 40,000MT of diesel will arrive in the island.

He noted that two other fuel tankers will also arrive in the country, while a petrol tanker and a diesel tanker have been procured which will be sufficient until the end of the month.

Prime Minister Wickremesinghe said the government has also acquired two fuel tankers for July, following which a new agreement will be signed with India, that will enable the government to obtain fuel for four months.

Prime Minister Ranil Wickremesinghe also expressed hope that discussions with the International Monetary Fund will be complete within the month of June. The Premier also warned that new taxes will have to be imposed.

The Prime Minister also stated that Sri Lanka is facing a rupee and dollar shortage adding that steps will be taken to eliminate the rupee deficit by the end of this year.

Premier Wickremesinghe said he held talks with the IMF Managing Director who assured to expedite assistance, while the IMF is expected to assist Sri Lanka in eliminating the issue of foreign reserves.

The Prime Minister also revealed that he held talks with the World Food Programme, and in addition, US President Joe Biden has assured through the Sri Lankan Ambassador in Washington of his assistance.

Prime Minister Wickremesinghe said the world is looking at us and are ready to help.

He noted that Sri Lanka however has to help ourselves first and therefore it is essential to have a debt restructuring programme in place at the earliest.
(newsradio.lk)

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