Connect with us

World

Sri Lanka Restricts Fuel Use to Essential Services


Sri Lanka has sharply restricted gasoline use and urged residents to keep dwelling because it struggles to shore up vitality provides amid its deepening sovereign debt disaster.

The South Asian nation’s wilting economic system has seen Sri Lankans endure months of double-digit inflation, rolling energy blackouts and severe shortages in food and medicines, sparking nationwide antigovernment protests. Sri Lanka’s international reserves are depleted to the purpose that it might probably not afford to pay for important imports, and the nation defaulted for the primary time in its historical past final month. The nation’s economic system faced complete collapse, Prime Minister Ranil Wickremesinghe mentioned final week.



Source link

Trending