Dollar crisis : Minister Gammanpila provides update on fuel imports
He said if Sri Lanka does not resolve its foreign exchange
crisis to import fuel, it will result in a fuel shortage in the country by the
third week of January.
Minister Gammanpila told Neth FM that he had informed the
Cabinet of Ministers on the matter on eight previous occasions.
However, a system has not been formulated as yet to address
the issue, he added.
The Minister said the matter could be resolved if the
necessary amount is allocated from the foreign exchange undertaken by the
Central Bank of Sri Lanka for the importation of fuel and medicines only.
He further said that several countries have increased fuel
prices in order to contain the demand.
Minister Udaya Gammanpila said, however, it has been proven
that the hike in fuel prices cannot contain the demand for fuel in Sri Lanka
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