Tue, 21-Oct-2025

Sri Lanka runs out of fuel as dollar crisis worsens

sri lanka

COLOMBO: Sri Lanka’s public transport was crippled on Wednesday as buses ran out of diesel, officials said as the country’s foreign exchange crisis worsened with no dollars to import fuel. The Private Bus Owners’ Association said they were able to operate only about a quarter of their fleet of 20,000 vehicles, while drivers reported queuing for … Read more

Sri Lanka enters strategic oil agreement with India

Sri Lanka

COLOMBO: Sri Lanka and India have launched a joint venture to revive a strategic British colonial-era oil storage facility and strengthen energy security in the region, a senior minister said. The deal is seen as countering China’s rising influence in the region and comes two days ahead of a visit to the Indian Ocean island … Read more