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Sri Lanka introduces fuel rationing amid severe shortage

Sri Lanka introduces fuel rationing amid severe shortage
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World Business Quick Take - Taipei Times

ENERGY <strong>US mulls fuel export cap</strong> Top US administration officials are weighing limits on exports of fuel as the White House struggles to contain gasoline prices that have topped US$5 per gallon. Discussions around capping gasoline and diesel exports have picked up in recent days, as US President Joe Biden intensified his criticism of soaring oil company profits, said people familiar with the matter who asked for anonymity to describe private conversations. Limits under consideration would fall short of a complete ban on foreign sales of petroleum products, with gasoline exports averaging 755,000 barrels a day so far this year, the US

Sri Lankan police tear-gas students in fresh clashes

Police fired tear gas to disperse thousands of students trying to storm the Sri Lankan president’s home Sunday as the government offered an olive branch to demonstrators demanding his resignation.

Sri Lanka PM vows to slash expenditure in new budget

Sri Lanka’s new Prime Minister Ranil Wickremesinghe said on Tuesday he will present an interim budget within six weeks, slashing infrastructure projects to re-route funds into a two-year relief program for the crisis-hit island nation.

Shortage of medicine in Sri Lanka will cause deaths

A shortage of medicine caused by an economic crisis in Sri Lanka could soon cause deaths, doctors said, as hospitals are forced to postpone life-saving procedures for their patients because they do not have the necessary drugs.

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