November 27, 2021 13:51 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Urge PM Modi to stop flights from countries hit by new COVID variant': Arvind Kejriwal | RJD chief Lalu Prasad Yadav admitted to Delhi's AIIMS with complaints of fever | 77 fresh COVID cases in Karnataka medical college, facility shut | WHO classifies new COVID strain as 'variant of concern', names it 'Omicron' | Muslims offering namaz in Gurgaon interrupted again, faces 'Jai Shri Ram' chants
Sri Lanka to obtain USD 500 million loan from India to buy fuel: Report Sri Lanka Fuel
Image: Pixabay

Sri Lanka to obtain USD 500 million loan from India to buy fuel: Report

India Blooms News Service | @indiablooms | 18 Oct 2021, 07:35 pm

Colombo: The Sri Lankan government has sought a loan facility of USD 500 Million from India to purchase fuel, media reports said on Monday.

Chairman of the Ceylon Petroleum Corporation Attorney-at-Law Sumith Wijesinghe speaking to News 1st said, the facility will be secured with the intervention of the Indian High Commission in Sri Lanka.

Finance Secretary S. R. Attygalle told News 1st that the Energy Secretaries of both India and Sri Lanka are expected to sign an agreement for the loan in due course.

The move has been decided just days after energy minister Udaya Gammanpila warned that the current availability of fuel in the country can be guaranteed only till next January.