May 24, 2022
1 min read

India’s fuel aid reaches Lanka

The latest gesture of help come days after India sent 40,000 metric tonnes of diesel under its line of credit to help deal with the severe fuel shortage in its debt-ridden neighbour. …reports Asian Lite News

A consignment of around 40,000 metric tonnes of petrol from India reached Sri Lanka, which is reeling under its worst-ever economic crisis, on Monday, the Indian mission in the island nation announced.

“Commitment delivered!! Around 40000 MT of petrol under #Indian assistance reached #Colombo today,” the Indian High Commission in Colombo said in a tweet.

The latest gesture of help come days after India sent 40,000 metric tonnes of diesel under its line of credit to help deal with the severe fuel shortage in its debt-ridden neighbour.

Sri Lanka was finding it hard to pay for imports after its foreign exchange reserves melted away, leading to its currency being devalued and unprecedented inflation, thus, causing political turmoil and the fall of the Mahinda Rajapakse government.

ALSO READ: Japan, US to track China Navy’s activities, drills with Russia

Previous Story

Poland cancels gas contract with Russia

Next Story

SpaceX aims to raise $1.7 billion: Report

Latest from -Top News

India, US to intensify talks on trade pact

India and US step up efforts to settle differences and push for early trade agreement despite tariff tensions…reports Asian Lite News India and the United States have signalled a renewed push towards

EU, India Push Ties To New Heights

Brussels unveils fresh agenda to deepen trade, security and global cooperation with New Delhi…reports Asian Lite News The European Union has unveiled a new strategic agenda with India in a move that

Goyal Heads to UAE for Investment Talks

Both sides will also explore opportunities for investment in key sectors, including maritime and space, that hold strong potential for growth….reports Asian Lite News Union Commerce and Industry Minister Piyush Goyal will

Fed Cuts Rates After Trump Clash

The Fed indicated that two more cuts could be on the way this year….reports Asian Lite News After a clash with US President Donald Trump, the Federal Reserve slashed interest rates by

Trump Labels Antifa a Terror Group

Trump did not elaborate on what parameters his administration would use to make the characterisation and what actions he would take to target a left-leaning movement. US President Donald Trump on Thursday
Go toTop

Don't Miss

India Inc deal activity rises amid uncertainties

Startup, e-commerce and IT sectors led deal activity in H1

China Builds ‘Bunkers, Tunnels’ in Aksai Chin

As per the reports,construction activities are taking place in Aksai