2 months ago
2
Sri Lankan President Anura Kumara Dissanayake connected Tuesday (April 7, 2026) announced an economical alleviation bundle aimed astatine minimising the interaction of the West Asia conflict.
Speaking astatine the parliament, Mr. Dissanayake said that India has agreed to supply the land federation with petrol and diesel. “As a government, we person to respond to the difficulties faced by the people.”
“We person focused connected 4 areas: fuel, energy, state and fertiliser,” the President, who is besides the concern minister, said.
"We volition assistance a concession of LKR (Sri Lankan Rupees) 100 per litre for diesel and LKR 20 per litre for petrol," Mr. Dissanayake said, adding that it volition outgo the authorities LKR 20 cardinal per month.
He said the authorities had launched a flurry of diplomatic enactment to guarantee Sri Lanka’s vigor sustainability.
“I spoke to Prime Minister Modi. He has agreed to supply america with petrol and diesel,” Mr. Dissanayake said, adding that talks person commenced with Russia to get gas, coal, substance and fertiliser.
Sri Lanka’s forex reserves person reached astir $7 billion, the president said. “Central Bank was capable to bargain $700 cardinal dollars from the market, truthful it is simply a bully situation,” helium added.
Since the U.S.-Israeli subject enactment against Iran began connected February 28, Sri Lanka raised retail substance prices 3 times successful March. The past revision saw prices rising by implicit 25%.
The authorities besides introduced a four-day enactment week to conserve energy, with guidelines issued to chopped down usage.
Sri Lanka looks to India-backed Trincomalee task amid vigor crisis
However, it was announced that the five-day enactment week would instrumentality from Wednesday with the cancellation of the mid-week holiday.
On March 28, India sent a shipment of 38,000 MT of fuel, comprising 20,000 MT of diesel and 18,000 MT of petrol, to Colombo arsenic an exigency enactment done the section cognition of Indian Oil Corporation (IOC), Lanka IOC (LIOC).
The substance shipment was a effect of a telephone speech held connected March 24 betwixt Mr. Dissanayake and Prime Minister Modi.
