Fuels sold under military surveillance in Sri Lanka..?

Sowmiya Sriram
Fuels sold under military surveillance in Sri Lanka..?

In Sri Lanka, there is a severe shortage of all commodities, including oil. Inflation is reaching a record high every day. There are many reasons for this, including the wrong decisions of the government. The army has stopped all petrol bunks in the country to prevent gang violence during fuel sales. In Sri Lanka, which is mired in an economic crisis, petrol and diesel are being sold under military surveillance. Long queues are seen in petrol stocks due to oil shortages.
In this situation, the military has been mobilized to monitor petrol-diesel sales in an effort to prevent people from engaging in violence. Sri Lanka's foreign exchange reserves have declined significantly. Thus, there is a problem with importing petrol and diesel. The country’s inflation rate is reaching new highs daily.
There is a severe shortage of food grains, sugar, vegetables, and medicines in Sri Lanka. Due to inflation, people's spending has quadrupled, but their incomes remain the same. At present, the government has to borrow to buy food grains, oil, and medicines. In view of the deteriorating situation, india has promised the US $ 1 billion in loans.

Long lines are found not only for petrol but also for LPG. Four people lined up for petrol and kerosene were killed, three of them elderly. One person was killed in the incident, which escalated to a stabbing incident. Apart from this, there is a huge power crisis in Sri Lanka. In early March, the government announced a maximum power cut of seven and a half hours.
The Russia-Ukraine war could worsen Sri Lanka's economic situation. Sri Lanka's economy largely depends on tourism.
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