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Burning tyres, blocked roads as Sri Lanka protests fuel shortage, price hikes
Sri Lanka news: State-run Ceylon Petroleum Corporation has raised the price of 92 octane petroleum to LKR 338 per litre - an increase of LKR 84, news agency PTI reported.
A shortage of fuel in crisis-hit Sri Lanka ignited massive protests across the country Tuesday as tens of thousands of angry motorists burned tyres and blocked a major road leading into capital Colombo, news agency AFP reported citing police and local officials.
Protests have engulfed the island nation over the past weeks after the government ran out of dollars to finance vital imports like food, medicine and fuel. The latest demonstrations include a 115 km highway connecting Kandy to Colombo being cut off at multiple points as pumps run out of fuel.
Videos shared on social media showed not just burning tyres but also buses and other vehicles parked across the road, hundreds of people gathered and, ominously, what seem to be security personnel in riot gear at some places.
Hindustan Times could not independently verify these videos.
Some tweets also claim railway lines at some places, including in Rambukkana and Kegalle, have also been blocked by angry protesters.
Earlier today the state-run Ceylon Petroleum Corporation made fast-dwindling fuel supplies even more expensive; the price of 92 octane petroleum has been raised to LKR 338 per litre - an increase of LKR 84, news agency PTI reported.
This is the CPC's second price hike this month. The Lankan Indian oil company yesterday hiked prices for a fifth time in six months.
CPC officials blamed high global prices of oil and the depreciation of the Sri Lankan rupee against the dollar after the March 7 decision to have a free float.
READ: In crisis-hit Sri Lanka petrol prices surge, to cost LKR 338 per litre
India has moved to extend lines of credit worth over $2 billion for essentials, as well as $500 million in fuel aid.
Around 300,000 tonnes of fuel - petrol and diesel - were supplied, but earlier this month there were fears stations could run dry (again) within weeks.
READ: Pumps may go dry with Sri Lanka to exhaust $500 mn Indian fuel credit
The last time there was a fuel shortage there were massive queues outside filling stations and at least one person died. Soldiers were also called out in some places to guard against possible rioting or hoarding of fuel.
The fuel price hikes and protests come as public agitation against president Gotabaya Rajapaksa entered its eleventh day Tuesday.
Rajapaksa on Monday said he had made mistakes, including failing to approach the International Monetary Fund for help earlier, and pledged to correct them.
The government has also been blamed for taking out large loans for infrastructure projects - notably from China - that have not brought in money.
Sri Lanka, which last week announced a default on its $51 billion foreign debt, hopes to secure a $4 billion dollar bailout. The International Monetary Fund, with whom talks are ongoing, was reluctant but 'may consider' the request, Reuters said, after India intervened.
With input from AFP, Reuters
