India has request from Sri Lanka to urgently provide a consignment of diesel in addition to monthly fuel supplies under a $500-million line of credit to tide over a severe shortage amid the island nation’s economic crisis.
State-run Indian Oil Corporation is expected to provide a consignment of 40,000 tonnes of diesel to Sri Lanka soon, people familiar with the matter said on Thursday.
This will be in addition to the seven monthly shipments of petrol, diesel and aviation fuel being sent to Sri Lanka under the line of credit for purchasing petroleum products that was finalised in February.
The Indian side accepted Sri Lanka’s request for additional supplies of diesel despite the disruptions and increase in fuel prices in the global market due to the Ukraine conflict, the people cited above said on condition of anonymity.
The request was made because of a sudden and severe shortage of diesel in Sri Lanka in the past few weeks, the people added.
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