India agrees to Increase fuel credit line from US $500 Mn to US$ 750 Mn It is now in process

30 March 2022 09:47 am Views - 224

• The previously extended US $ 500 million is now in use for the import of diesel from the Indian Oil Company

By Kelum Bandara  

India has agreed to Sri Lanka ‘s request to increase the US $ 500 million credit facility for fuel purchases to US $ 750 million and it is now in process for finalisation, Daily Mirror learns .  

The request has been made by Finance Minister Basil Rajapaksa when he met with Indian External Affairs Minister Dr. S. Jaishankar in Colombo on Monday .  
The previously extended US $ 500 million is now in use for the import of diesel from the Indian Oil Company.   

Another two consignments of diesel - 40,000 tonnes each - are expected to be delivered to Sri Lanka on April 5 and 14.  

 

• Another two consignments of diesel are expected to be delivered to Sri Lanka on April 5 and 14