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‘Big mistake made by borrowing from China’ Sri Lankan President admits big thing, petrol price Rs 338 per liter

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As the situation in Sri Lanka continues to deteriorate, it seems that the government of the country has no option but to deal with the situation. Ceylon Petroleum Corporation, the state-run petrol company of Sri Lanka, has increased the price of 92 octane petrol to Rs 338 per liter, news agency PTI reported. That is, for a liter of petrol in Sri Lanka, you will have to pay Rs 338. By this you can understand what has happened to this country.

Our country has given a loan of more than 2-2 billion to Sri Lanka to buy essential goods. At the same time, our country has given 500 million to Sri Lanka to buy fuel, which requires about 300,000 tonnes of fuel. However, fuel stations in Sri Lanka are expected to dry up. Fuel prices rose on Tuesday after a mass agitation against President Gotabaya Rajapaksa entered its eleventh day.

For the first time, the President of Sri Lanka has admitted that the government’s biggest mistake is to take indiscriminate loans for the development of infrastructure in the country. Taking money from China especially on hidden condition is a big mistake for Sri Lanka. Because Sri Lanka has not got money from the infrastructure that China has developed.

Let us tell you that our country has always warned Sri Lanka to take money from China, yet the Rajapaksa government, blinded by India’s opposition, does not listen to us and does not heed the warnings of America.

“India has approached the IMF for granting RFI to Sri Lanka and at India’s request, the IMF may be ready to assist Sri Lanka in exceptional circumstances,” said Sameer Jawahir, Assistant to the Finance Minister of Sri Lanka. Let us tell you that Sabri told Reuters earlier this month that Sri Lanka is trying to raise $3 billion in the coming months from various sources including IMF, World Bank and India. At the same time, the Sri Lankan government last week refused to pay all foreign debt for the time being.

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