Tue, 21-Oct-2025

Sri Lanka send ministers to Russia to negotiate petroleum

sri lanka

Sri Lanka sending two ministers to Russia to talk about getting oil. The island nation is almost out of fuel because of its bad economy. Residents have had to wait hours or days for fuel, often resorting to cooking with leaves and charcoal. Energy Minister Kanchana Wijesekera urges people not to line up for fuel … Read more

Bankrupt Sri Lanka seeks discounted Russian oil

Bankrupt Sri Lanka

Sri Lanka to send ministers to Russia and Qatar to try to secure cheap oil. The cash-strapped government says it is almost out of fuel. Government extends closure of non-essential state institutions to save fuel. Fuel reserves are sufficient for less than two days’ usage, the minister says. About 1.7 million residents need “life-saving assistance”, … Read more

Crisis-hit Sri Lanka is fighting short-term inflation

sri lanka

Sri Lanka raised gasoline and transportation costs on Tuesday, a long-awaited measure to address the country’s crippling economic crisis, but the increases are likely to aggravate the country’s already-high inflation, at least in the short term. In a statement on Twitter, Power and Energy Minister Kanchana Wijesekera warned that gasoline prices will jump by 20% … Read more