India has acceded to a request from Sri Lanka to urgently provide a consignment of diesel in addition to monthly fuel supplies under a $500-million line of credit to tide over a severe shortage amid the island nation’s economic crisis. he prices of petrol and diesel have suddenly increased not only in Sri Lanka but globally because of the Ukraine conflict. Sri Lanka requested India for fuel because they are facing a severe shortage of diesel in Sri Lanka for the past few weeks and their local currency has taken a big hit. Import costs have also increased significantly.
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