According to Lankadeepa Newspaper, the government has decided to seek an emergency loan of US$ 500 million from India in order to import petroleum, which has become a major issue.
According to a senior government minister, top government leaders have already began conversations with the Indian government on the subject.
The Petroleum Corporation is in a dilemma owing to a lack of foreign reserves, and it is apparently having trouble obtaining the requisite number of US dollars to import fuel.
Due to a shortage of dollars for crude oil imports, the Sapugaskanda oil refinery was shut down last week, and no timetable for its resumption has been set.
