Lankan fuel pumps may go dry by April end; India’s $500 million credit line exhausting rapidly Posted on April 8, 2022 by cngpump Sri Lanka may run out of diesel by the end of this month with the $500 million line of credit extended by India for fuel purchase exhausting fast amidst the unprecedented shortage of foreign reserves. Related posts: RBI issues notification to operationalise $500 mn loan to Sri Lanka for petroleum products With 40,000 MT fuel from India, SL looks to reduce power cut from 13 hrs to 2 hrs Sri Lanka to prioritise tourism sector for gas, fuel distribution Jaishankar visits Lanka IOC to take stock of fuel supply situation Indian Oil buys 3 million barrels of Urals for May loading – trade sources IOC subsidiary to release 6,000 MT diesel to help ease power crisis in Lanka Record 10-hour power cuts in Sri Lanka as fuel crisis worsens Rosneft-backed Nayara Energy put under credit watch: CARE Ratings India supplies two fuel consignments to crisis-hit Sri Lanka India’s February fuel demand rises, but soaring crude may slow uptick