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Economics

Sri Lanka’s Economy Grinds to Halt as Fuel Supplies Run Dry

  • Government makes Friday a public holiday for offices, schools
  • Energy Minister says running out of options for fresh supplies
People wait to buy kerosene oil at a gas station in Kandy on June 13.
People wait to buy kerosene oil at a gas station in Kandy on June 13.Photographer: Buddhika Weerasinghe/Bloomberg
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Sri Lanka’s economic activity is coming to a near standstill as the island nation, facing its worst financial crisis, runs out of fuel for transport with little sign of fresh supplies arriving.

The government declared Friday a holiday for public offices and schools to curtail vehicular movement, leaving many roads in and around the capital Colombo deserted. Thousands of vehicles were lined up in queues stretching for kilometers as drivers waited for filling stations to be replenished with fuel supplies.