• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Tuesday, August 16, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Sri Lanka Suspends Fuel Sale for Non-Essential Vehicles as Economic Crisis Bites

Eunniah MbabazibyEunniah Mbabazi
June 28, 2022
in Global News, Markets
Reading Time: 2 mins read
Sri Lanka Raises Lending Rates to 15.5%

Sri Lanka has suspended sales of fuel for non-essential vehicles as it faces its worst economic crisis in decades.

For the next two weeks only buses, trains, and vehicles used for medical services and transporting food will be allowed to fill up with fuel. Schools in urban areas have shut and officials have told the country’s residents to work from home.

On Monday, the government said it will ban private vehicles from buying petrol and diesel until 10 July.

Without enough foreign currencies to pay for imports of essential goods, an acute shortage of food, fuel and medicines has helped to push the cost of living to record highs.

ADVERTISEMENT

Over the weekend, officials said the country had only 9,000 tonnes of diesel and 6,000 tonnes of petrol to fuel essential services in the coming days. It has been estimated that the stocks would last for less than a week, under regular demand.

Prime Minister Ranil Wickremesinghe said earlier this month that the country needed at least $5 billion over the next six months to pay for essential goods such as food, fuel and fertiliser.

See Also:

Sri Lanka Turns to IMF as it Battles Worst Economic Crisis


Previous Post

Telkom Partners with Lipa Later for Product Financing

Next Post

Kenya’s Kyanda Fintech Startup Launches Operations in South Africa

Related Posts

China's economy

China’s Economy Slows Down as Covid Outbreaks and Property Crisis Bite

August 15, 2022
Safaricom

Safaricom: Too Risky to Own or Too Profitable Not To?

August 14, 2022

Spain’s Inflation Hits 10.8% in July, the Highest Since 1984

August 12, 2022

India to Restrict Sale of Phones Costing Less than $150 by Chinese Firms

August 12, 2022

UK’s GDP Shrinks in Q2 2022, 1st Time Since the COVID-19 Pandemic

August 12, 2022

Argentina Hikes Interest Rate to 69.5%-Biggest Hike in 3 years

August 12, 2022

Disney+ Subscribers Surge to 152 million as Netflix Subscribers stumble

August 12, 2022

Sri Lanka Raises Electricity Tariffs by Up to 264%

August 11, 2022
Load More
Next Post
Kenya's Kyanda Fintech Startup Launches Operations in South Africa

Kenya's Kyanda Fintech Startup Launches Operations in South Africa

ADVERTISEMENT

Follow Us

  • 143.5k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In