Sri Lankan police conduct nationwide raids on fuel hoarders after detecting black marketing of fuel

Sri Lankan police conduct nationwide raids on fuel hoarders after detecting black marketing of fuel

In Sri Lanka, black marketing of petrol and diesel is unearthed the day after the country begins restocking fuel. Sri Lankan cops have launched nationwide raids to target fuel hoarders who resell fuel at inflated prices. Fuel hoarders who exploit the helplessness and pain of people are being hunted down. The Sri Lanka Central Bank acquired foreign exchange on May 19 to pay for the import of fuel and cooking gas.

Following the ongoing economic crisis, Sri Lankan police started a nationwide raid on those hoarding diesel or petrol for resale on Sunday.

Nihal Thalduwa, a police spokesman, said they had received reports that many people queuing at gas stations are buying fuel to resell at a higher price.

According to Thalduwa, long queues persist even though fuel is available, resulting in great inconvenience for the people.

A ship carrying petrol began unloading in Colombo on Saturday night, Power and Energy Minister Kanchana Wijesekera reported.

There will be another delivery on May 25, Wijesekera said.

Covid-19 pandemic, rising energy prices, and populist tax cuts have all hurt the island nation’s economy.

Inflation and a chronic shortage of foreign currency had led to a severe shortage of medicine, fuel, and other necessities.

Violent protests have taken place against the President and his family in recent weeks.

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