Crisis-hit Sri Lanka shuts schools, urges work from home to save fuel

Sri Lanka's air force members distribute tokens to people queueing for fuel due to fuel shortage, amid the country's economic crisis, in Colombo, Sri Lanka, on June 27, 2022. (REUTERS)
Short Url
Updated 27 June 2022
Follow

Crisis-hit Sri Lanka shuts schools, urges work from home to save fuel

  • Crisis-hit Sri Lanka shuts schools, urges work from home to save fuel
  • Stockpiles stand at about 9,000 tonnes of diesel, 6,000 tonnes of petrol, no fresh shipments are due

COLOMBO: Troops in Sri Lanka handed tokens on Monday to people queueing for petrol amid a severe fuel shortage in the nation battling its worst economic crisis in seven decades, while schools shut in Colombo and public employees were asked to work from home.

With its foreign exchange reserves at a record low, the island of 22 million is struggling to pay for essential imports of food, medicine and most critically, fuel.

"I have been in line for four days, I haven't slept or eaten properly during this time," said autorickshaw driver W.D. Shelton, 67, one of those who received a token meant to hold his place in the queue for when fuel becomes available.

"We can't earn, we can't feed our families," added Shelton, who was 24th in line at a fuel station in the centre of Colombo, but set to stay there as he had no petrol for the journey to his home just 5 km (3 miles) away.

It was not immediately clear how far the government could stretch its fuel reserves.

The stockpiles stand at about 9,000 tonnes of diesel and 6,000 tonnes of petrol, Power and Energy Minister Kanchana Wijesekera said on Sunday, but no fresh shipments are due. 

The government has told employees to work from home until further notice, while schools have been shut for a week in the commercial capital of Colombo and surrounding areas.

Fuel station queues have grown rapidly since last week.

"This is a tragedy, we don't know where this will end," Shelton said.

Public transport, power generation and medical services will get priority in fuel distribution, with some rationed to ports and airports.

A team from the International Monetary Fund is visiting Sri Lanka to hold talks on a $3-billion bailout package.

Although the Indian Ocean nation is hoping to reach a staff-level agreement before the visit ends on Thursday, that is unlikely to unlock any immediate funds.


Russian pensioners turn to soup kitchen as war economy stutters

Updated 7 sec ago
Follow

Russian pensioners turn to soup kitchen as war economy stutters

SAINT PETERSBURG: Dishes clatter, steam bursts from large cooking pots and music is seeping through the bustling chatter of Russian pensioners, hunched over bowls of free meals in a Saint Petersburg soup kitchen.
The general mood is upbeat but the place, at full capacity, is a testament to financial hardships plaguing an ever-increasing number of Russia’s elderly people, struggling to make ends meet as the country’s war economy stutters.
Nina, a 77-year-old retired engineer, said she could no longer go to the supermarket, getting her lunch and dinner from the soup kitchen instead, as she was not able to afford her own groceries.
“I haven’t been to a shop for three years because I don’t have the money. There’s simply no point in going,” she told AFP, her voice resolute but eyes glistening.
“Should I just go, look around and leave?,” she asked.
The cost of living in Russia — particularly in large cities — has skyrocketed in the four years since Moscow launched its full-scale offensive in Ukraine.
Huge spending on the military helped Russia buck predictions of economic collapse, but has pushed up inflation — a headache for the Kremlin which has aimed to shield citizens from the fallout of its war.
Prices have surged by a combined 45 percent since Russia launched its offensive, according to official data.
And though President Vladimir Putin recently hailed a cooling of inflation amid high interest rates, pensioners in the Saint Petersburg soup kitchen say their situation is still dire.

- ‘Poor boys’ -

On a bright winter day, AFP met former accountants, doctors and engineers turning to the free bowls of soup and pasta on offer.
Zinaida, a 77-year-old former paediatrician, told AFP her pension was 26,400 rubles ($345) a month.
“Over the last two to three years, we have seen food prices rise,” Zinaida said, attributing the surge to raising taxes.
In order to plug holes in Russia’s stretched public finances, the Kremlin has tapped the pockets of its citizens, raising the nationwide sales tax from 20 to 22 percent, starting this year.
For many pensioners like Zinaida, juggling monthly expenses has become increasingly tricky.
“By our age, everyone has a whole load of illnesses,” she said, and the medications were “very expensive.”
“You work just to pay for the utilities and the pharmacy. There is almost nothing left for anything else.”
That sentiment is shared by Anna, 66, who, despite a career as a surgeon, said she struggled to pay her bills in retirement.
“When you go to the pharmacy, you start to wonder if you’ll be able to buy anything for lunch.”
The Central Bank, which has hiked borrowing costs in a bid to tame price rises, expects annual inflation to ease to Moscow’s four-percent target only in 2027.
That is just one of the Russian economy’s worsening indicators as the war in Ukraine drags into its fifth year.
Growth slowed dramatically to one percent in 2025, Putin said earlier this week — down from 4.3 a year prior.
But for Tatyana, a former accountant, “it’s only fair that things should get more expensive.”
“We have this war going, with our poor boys there. May God grant them all good health.”