The People’s Bank has opened a Letter of Credit (LC) for USD 42.6 million to purchase a shipment of Octane 92 Petrol.As per reports, 300,000 barrels of petrol in total are expected to be purchased through this LC.Meanwhile, Minister of Power and Energy Kanchana Wijesekara had told a media briefing yesterday that petrol volumes can be released to the market by this weekend, it Letters of Credit are opened without delay..
This article first appeared/also appeared in https://adaderana.lk
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