India is shipping over 400,000 tons of fuel to Sri Lanka amid the crisis

Amid the worst of the economic crisis in Sri Lanka, India took another initiative to expand support, delivering 12 shipments and over 400,000 tonnes (MT) of fuel to the island nation.

The High Commission of India in Sri Lanka used their Twitter account to announce the broadcast.

“12 deliveries and more than 400,000 tons of fuel!! The last shipment of #diesel from #India under the fuel credit line was delivered today in #Colombo by Torm Helvig,” tweeted the High Commission of India in Colombo.

Earlier on Thursday, India expanded its support by delivering 65,000 tonnes of urea to the island nation.

Sri Lankan High Commissioner for India Milinda Moragoda held a meeting with Indian Ministry of Fertilizers Secretary Rajesh Kumar Chaturvedi to discuss the issue, Daily Mirror reported.

“High Commissioner Milinda Moragoda met with Indian Ministry of Fertilizers Secretary Rajesh Kumar Chaturvedi and thanked him for India’s decision to supply 65,000 tons of urea needed for the current Yala cropping season in Sri Lanka,” the Sri High Commissioner said Lanka in a message.

At the meeting, both Moragoda and Kumar Chaturvedi discussed possible ways and measures to ensure chemical fertilizers are continuously shipped from India to Sri Lanka under India’s existing credit lines of US$1 billion and beyond, Daily Mirror reported.

In addition, India has pledged to provide the heavily indebted island nation with over USD 3 billion in loans, credit swaps and lines of credit since the beginning of the year. India has also expressed its desire to work with the new Sri Lankan government.

Sri Lanka is currently in the midst of its worst economic crisis since independence, with food and fuel shortages, rising prices and power outages affecting large numbers of citizens.

(Only the headline and image of this report may have been edited by Business Standard contributors; the rest of the content is auto-generated from a syndicated feed.)

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