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Jun 6 4 tweets 6 min read
#SriLanka’s Sapugaskanda oil refinery to release 800MT of diesel to market.

#Sapugaskanda #FuelCrisisLK #CPC #EconomicCrisisLK #SLNews #NewsAlert
economynext.com/sri-lankas-sap…
#SriLanka’s Sapugaskanda will supply 800 metric tonnes of diesel to the market starting Monday (06) after being closed for over two months due to a lack of crude oil and a technical glitch, reports said. #Sapugaskanda #FuelCrisisLK #CPC #EconomicCrisisLK #SLNews #NewsAlert
The refinery that had been closed for over two months due to a lack of crude oil recommenced operations on May 27 but has been out of commission for a week due to a technical issue in one of its burners. #Sapugaskanda #FuelCrisisLK #CPC #EconomicCrisisLK #SLNews #NewsAlert
The state-run Ceylon Petroleum Corporation (CPC) announced on Monday that the diesel produced in the refinery will be distributed to the market later that day. #Sapugaskanda #FuelCrisisLK #CPC #EconomicCrisisLK #SLNews #NewsAlert

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More from @Economynext

Jun 6
Central Bank of Sri Lanka explains the Background, Positive Impact, and Expected Outcomes of The Current Exchange Rate Arrangement.
@CBSL #SriLanka #Economy #SLNews #NewsAlert Image
#SriLanka @CBSL says The outcome of the initially allowed exchange rate flexibility fell short of expectations due to large overshooting by market forces and the delay in market correction. @CBSL #SriLanka #Economy #SLNews #NewsAlert
#SriLanka @CBSL says further pressures were added due to: forex shortages, continuous depreciation of exchange rate, delays of forex conversions by forex holders and high premium offered in the grey market. #Economy #SLNews #NewsAlert
Read 15 tweets
Jun 4
#SriLanka PM @ranil on Sri Lanka's "Twin Crisis": “We are only seeing the beginning [the of global impact of the Ukraine crisis]...it will get much worse as it goes along...most probably be a shortage of food [which] will go globally till 2024.”
#EconomicCrisisLK #Ukraine
@ranil #SriLanka PM @ranil on Sri Lanka's "Twin Crisis" says: "There's a shortage of fertilizer in California, there's a shortage of fertilizer in Brazil. Already countries are banning the export of food."
#EconomicCrisisLK
"There are going to be many countries affected by the Ukraine crisis. Some say 40, some say 70. But we are unique... until the Ukraine crisis took place [other] economies were normal. Not in our case. We [were] already suffering"-@RW_UNP.
#SriLankaEconomicCrisis #EconomicCrisisLK
Read 25 tweets
May 24
Cabinet decisions today @CabinetSL
Thread ⬇️

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews
@CabinetSL @CabinetSL Prime Minister @RW_UNP briefed the Cabinet on the economic crisis in depth-Cabinet spokesperson Bandula Gunawardena

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews
@CabinetSL The daily budget deficit of 1.7 billion rupees in 2014 has risen to 5.6 billion rupees in 2022- @BandulaDr

#SriLanka #Cabinet #SriLankaEconomicCrisis
#SLnews
Read 23 tweets
May 23
#SriLanka @CBSL chief at #PressClub event - “What we have is a balance of payment crisis. But now it’s has evolved into a political crisis and social unrest”
#SriLanka @CBSL chief at #PressClub event - “Suspending the debt repayment was the best option out of many bad options until we come to consensus with our creditors”
#SriLanka @CBSL chief at #PressClub event - “Suspending the debt repayment mean we do not have to find $2.5 bln for debt repayment this year. But anyway we have to pay for imports.”
Read 24 tweets
May 23
#SriLanka GCE Ordinary Level examinations commenced today (23) after a delay of 5 months.
Over 500,000 children island wide sat for the exams amid the worst economic crisis the country has ever seen.

"We received no support"-Student
#SriLankaEconomicCrisis
"The kids just want to get it over with. My son said if this gets pushed back even more, he's not going to do his exams at all. They are in a huge amount of stress"-Parent of a child sitting for O Levels
#SriLankaExam
Read 5 tweets
May 23
1/6

#SriLanka Litro Gas releases distribution plan for 23.05.22.
2/6
3/6
Read 6 tweets

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