Close Menu
  • HOME
  • TAMIL NADU
  • CHENNAI
  • NATION
  • WORLD
  • BUSINESS
  • SPORTS
  • ENTERTAINMENT
  • EDIT
  • COLUMNS
    • POINTBLANK
    • WHY TN IS FORBIDDEN LAND
  • MIXED BAG
    • CLIMATE & WEATHER
    • EDUCATION
    • HEALTH
    • JOBS
    • LEGAL
    • LIFESTYLE
    • SCIENCE
    • TECHNOLOGY
  • E-PAPER
Facebook X (Twitter) Instagram Threads YouTube
  • About us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Saturday, July 4, 2026
Facebook X (Twitter) Instagram
News Today | First with the newsNews Today | First with the news
Login / Register Subscribe
  • HOME
  • TAMIL NADU
  • CHENNAI
  • NATION
  • WORLD
  • BUSINESS
  • SPORTS
  • ENTERTAINMENT
  • EDIT
  • COLUMNS
    • POINTBLANK
    • WHY TN IS FORBIDDEN LAND
  • MIXED BAG
    • CLIMATE & WEATHER
    • EDUCATION
    • HEALTH
    • JOBS
    • LEGAL
    • LIFESTYLE
    • SCIENCE
    • TECHNOLOGY
News Today | First with the newsNews Today | First with the news
  • E-PAPER
  • POINTBLANK
  • PRIME PULSE
  • TN ECHOES
  • FIFA 2026
  • DEEP DIVE
  • GLOCAL
  • COLD FACTS
  • LEADING LIGHTS
  • CRYSTAL GAZING
  • PATTERNS
Home Ā» Sri Lanka battles worst economic crisis
WORLD

Sri Lanka battles worst economic crisis

AgencyBy AgencyMarch 24, 2022No Comments
🌐 Translate ā–¾
  • Tamil
  • Hindi
  • Malayalam
  • Kannada
  • Telugu
Share WhatsApp Facebook Twitter LinkedIn Pinterest Telegram Copy Link Email

Colombo : Sri Lanka ordered troops to petrol stations as sporadic protests erupted among the thousands of motorists queueing up daily for scarce fuel.

The South Asian island nation is grappling with its worst economic meltdown in over seven decades, with rolling electricity blackouts and essential goods such as food and cooking gas also in short supply.

Soldiers were deployed after angry crowds blocked a main artery in Colombo and held up traffic for hours because they were unable to buy kerosene oil on Monday, government spokesman Ramesh Pathirana said.

Footage of the incident shared on social media showed a group of angry women blockading a tourist coach to protest shortages of kerosene needed for cooking stoves

We saw tourists being held up, we are also hearing that some people may be hoarding oil and that is why the government decided to deploy the military, Pathirana told reporters in the capital.

The troop call also follows the stabbing murder of a motorcyclist by another driver after a dispute over his place in a long queue for fuel outside Colombo.

Tempers are getting frayed as queues get longer, a top defence official told AFP on condition of anonymity.

A decision was made last night to call out soldiers to reinforce the police. This is to discourage any unrest.

Three elderly people have dropped dead at fuel queues since Saturday, police said, adding that numerous petrol stations saw people camping overnight to wait for diesel and gasoline purchases.

Military officials said soldiers were deployed at pumping stations of the state-run Ceylon Petroleum Corp, which accounts for two-thirds of the fuel retail business in the nation of 22 million people.

President Gotabaya Rajapaksa’s office announced a summit of all political parties on Wednesday to discuss the economic crisis, but opposition groups said they planned to boycott the meeting.

Sri Lanka’s financial crisis stems from a critical shortfall of foreign currency, leaving traders unable to finance imports.

The Covid-19 pandemic throttled the island’s tourism sector — a key foreign exchange earner — and remittances from Sri Lankans working overseas have also declined sharply.

Rajapaksa announced last week that the country will seek a bailout from the IMF, which says the government’s foreign debt burden of $51 billion is unsustainable.

The government announced Tuesday that it was seeking to restructure this debt and was looking for an international law firm to advise on the legal implications.

Shortages of foreign exchange have wrought havoc on almost every aspect of daily life, with authorities last week postponing term tests for millions of students because of a lack of paper and ink.

chennai economic crisis economic meltdown gotabaya rajapaksa newstoday newstodaynet newstodaynet online Sri Lanka battles
Share. WhatsApp Facebook Twitter Telegram Copy Link Email
Previous Article24- March-2022
Next Article Galaxy M33 5G with 6000mAh battery in India soon

Related Posts

WORLD

Beijing says China-EU trade talks set in fall

July 4, 2026
WORLD

Europe heatwave claims Over 3,700 lives across three nations

July 4, 2026
WORLD

Indian embassy issues Thailand travel advisory

July 4, 2026
WORLD

Reverse ā€˜reconstructions’ at Taxila sites: UN tells Pakistan

July 4, 2026
WORLD

40 killed after bus falls into ravine inĀ  Pakistan

July 4, 2026
WORLD

Venezuela declares 7-day mourning for quake victims

July 3, 2026
Add A Comment

Comments are closed.

Latest Posts

E-paper 4 July 2026

NT BureauJuly 4, 20260

Atharvaa likely to team up with director HariĀ 

NT BureauJuly 4, 20260

Actor Atharvaa is reportedly set to collaborate with director Hari for his upcoming film, with discussions between the two said to be progressing smoothly. An official announcement is expected soon.
Hari, known for his fast-paced commercial entertainers, was initially planning a project with actor Prashanth, which appears to have been shelved.

Shanmuga Pandian joins hands with director ThiruĀ 

NT BureauJuly 4, 20260

Actor Shanmuga Pandian has officially signed his next project with filmmaker Thiru, marking an exciting new collaboration in Tamil cinema. The project was announced by the makers on July 2 and has already generated interest among fans.

India eyes first win as England gear up for 2nd T20 clash

NT BureauJuly 4, 20260

Shreyas Iyer-led India will be aiming to register their first win of the UK tour when they face England in the second T20I at Old Trafford, Manchester, on Saturday.

Director Thenpathiyan gets emotional at Angeekaram meet

NT BureauJuly 4, 20260

The success celebration of the Tamil film Angeekaram was held in a grand manner, with the cast and crew expressing gratitude for the overwhelming response received from audiences and critics.
Speaking at the event, director Thenpathiyan expressed heartfelt thanks, stating that the support for the film exceeded their expectations. He acknowledged the role of media and audiences in making the film a success and said the appreciation has been deeply encouraging for the entire team.

About
About
Facebook X (Twitter) Instagram RSS
Latest Posts
  • E-paper 4 July 2026
  • Atharvaa likely to team up with director HariĀ 
  • Shanmuga Pandian joins hands with director ThiruĀ 
  • India eyes first win as England gear up for 2nd T20 clash
  • Director Thenpathiyan gets emotional at Angeekaram meet
Ā© 2026 NewsTodayNet.com. All Rights Reserved. Designed & Maintained by Gifted Technologies.
  • About us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.

Sign In or Register

Welcome Back!

Login to your account below.

Prove your humanity: 1   +   8   =  
Lost password?