Indian Oil Corp (IOC), the country’s top refiner and fuel retailer, will supply 12-13 fuel cargoes to Sri Lanka to help the island nation facing an energy crisis, the Indian company said in a statement to Reuters.
IOC said it will supply gasoil, gasoline and jet fuel to Sri Lanka over the next 4-5 months. “The supplies shall be made under a $500 million line of credit extended by the government of India to Sri Lanka for purchase of fuels,” it said.