News

Iran oil: Lanka trapped in US sanctions

Sri Lanka has told Iran it will follow in the steps of India to secure urgently needed oil supplies from theat country if its quest for stocks from other sources fails. At present Iran supplies 93 per cent of Sri Lanka’s crude oil requirements.

 
Moves to buy fuel from Saudi Arabia, Abu Dhabi

The Government is considering the introduction of fuel rationing or a fuel pricing formula in the face of skyrocketing oil prices while steps are being taken to cut energy consumption in state institutions, Finance Ministry and other official sources said.

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