Sri Lanka Offers Fuel Quotas to Firms That Can Pay in Dollars
- Energy minister says purchases in USD to get guaranteed quota
- Nation at virtual standstill with fuel supplies restricted
Colombo, Sri Lanka.
Photographer: Jonathan Wijayaratne/BloombergThis article is for subscribers only.
Bankrupt Sri Lanka is offering a guaranteed fuel quota to any company that can pay in dollars.
Potential purchasers must pay as much as a month in advance to open a consumer account at state-run Ceylon Petroleum Corp., Energy Minister Kanchana Wijesekera tweeted on Sunday. Fuel will be issued on a daily or weekly basis from July 12, according to the minister.