Sri Lanka now rationing fuel at the pumps –
After bankrupt Sri Lanka defaulted on its foreign debt payments this week, Sri Lankan state-run Ceylon Petroleum Corporation (CPC) announced that starting from today, it will be rationing the amount of fuel available at its pumps across the country. The CPC controls around two thirds of Sri Lanka’s fuel market, with Lanka IOC – a local subsidiary of the Indian Oil Corporation – controlling the rest. Drivers in cars, vans, and SUVs will be limited to 19.5 liters (5.15 gallons) […]
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