Tag: Oil shortage
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Oil industry warns OGRA of looming petrol, diesel shortage
Due to limited imports and constrained domestic supplies, the oil industry has warned the government that the country may witness a shortage of petrol and high-speed diesel (HSD) in the upcoming days. The Oil & Gas Regulatory Authority (OGRA) has been written about the shortfall by the Oil Companies Advisory Council (OCAC), an organisation that…
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Sri Lanka runs out of cash to buy oil
Sri Lankan energy minister Udaya Gammanpila said that the state-run petroleum company has run out of cash to buy oil, which has seriously impacted the energy sector of the country. Gammanpila further said that Ceylon Petroleum Corporation (CPC) continued to hemorrhage cash, adding: “Earlier, we were short of dollars to import oil. Now we don’t…