Sri Lanka's economy, already battered by past crises, faces severe fuel shortages due to the West Asia conflict, exposing its extreme vulnerability to external shocks. The government's emergency measures like QR-based rationing and a 4-day work week are stopgaps; the article argues for long-term structural reforms like expanding storage capacity and indigenous oil exploration to build resilience.
Exam Lens
Quick Exam Facts From News
1-Minute Revision
- ›Fuel Rationing Weekly Allowance (Two-Wheelers): 8 litres
- ›Fuel Rationing Weekly Allowance (Cars): 25 litres
- ›Target this Data: Weekly fuel rationing limits (8L for 2-wheelers, 25L for cars, 100L for buses, 200L for lorries).
- ›Target this Nodal Body: The tripartite agreement for Trincomalee is between India, Sri Lanka, and the UAE.
- ›Target this Legal Point: The concept of an Exclusive Economic Zone (EEZ) and its relevance for indigenous resource exploration.
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