Sri Lanka has demanded an additional $ 500 million in credit increases because it is unable to operate within its agreed credit limit for petrol and diesel. Due to the depletion of reserve fuel, sri lanka has been in a significant crisis for the previous few days. In this severe scenario, india swiftly dispatched 40,000 tonnes of diesel to Sri Lanka. Great comfort to the people of sri lanka who have been affected by the situation.

The two countries have agreed to lend a $ 1 billion loan to sri lanka, which is in the midst of a financial crisis. As a result, the credit limit has been established, and india is taking steps to ensure the continued supply of gasoline and diesel. india is offering a credit line of $500 million for critical necessities such as petrol and medicine. As a result, india plans to dispatch three 40,000-tonne shipments of diesel on april 15, 18, and 23. On april 22nd, the same amount of gasoline will be delivered.

However, India's current deadline for fuel and diesel expires this month. sri lanka will have to repay India's gasoline loan in partial instalments by the end of this month, according to an arrangement already agreed. As the deadline approaches, sri lanka has asked an increase in India's credit ceiling. That is, it requires additional diesel, gasoline, and medications in advance of the loan period's expiration.
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G GOWTHAM

10/04/2022 05:00 AM