Another 40,000 MT of diesel under Indian assistance reached to Sri Lanka

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diesel vessel
diesel vessel

Another consignment of 40,000 MT of diesel under Indian assistance through Line of Credit of US$500 million reached to Sri Lanka May 30 evening. So far a total of over 400,000 MT of various types of fuel have been delivered with Indian assistance in two months.

The Export Import Bank of India and the Government of Sri Lanka signed a US$ 500 million Line of Credit Agreement for purchase of petroleum products on 2 February 2022. 

India had provided financial assistance to Sri Lanka that included a credit swap of US$ 400 million and deferment of an Asian Clearing Union payment of over US$ 515 million. In cumulative terms, Indian support to the people of Sri Lanka in the first quarter of 2022 is in excess of US$ 2.5 billion. 

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