Lagatar24 Desk
Colombo, March 30: Sri Lanka’s economic and energy crises have worsened, with the government implementing a statewide 10-hour daily power cut on Wednesday (March 30). The problem has been caused by a scarcity of hydroelectricity caused by a lack of fuel.
The country is in the midst of an economic crisis due to a lack of foreign cash, and critical commodities are suddenly rising in price in Sri Laka. There is also a severe fuel shortage, requiring people to queue for long periods of time outside of gas stations. People are also subjected to daily power outages lasting several hours. Due to import limitations imposed by the currency crisis, all essentials are in limited supply.
The island nation’s daily power outages have been extended to ten hours as of Wednesday morning, according to officials.
Meanwhile, India recently announced to extend a USD 1 billion line of credit to Sri Lanka as part of its financial assistance to the country to deal with the economic crisis following a previous USD 500 billion line of credit in February to help it purchase petroleum products. During his just-concluded visit to Colombo, External Affairs Minister S Jaishankar had assured India’s continued support in Sri Lanka’s economic recovery process.
