Colombo, March 3 Sri Lankan President Anura Kumara Dissanayake urged all parties involved in the ongoing West Asia conflict on Tuesday to commit to a swift and peaceful resolution, highlighting the conflict's repercussions on the global economy.
President Dissanayake made these remarks while addressing the Parliament.
"We hope all parties would commit to a peaceful resolution, as it tends to impact the global economy, including Sri Lanka," he said.
"It is beyond our control, but we have to set in contingency plans to face the emerging situation," Dissanayake said.
Referring to the long queues at fuel stations since the outbreak of the conflict on February 28, Dissanayake said there was no shortage of fuel in the country.
However, he stressed that Sri Lanka only had limited storage capacity for a long-term fuel import shortage.
"We have no capacity to hold fuel stocks to meet the demand over 2-3 months," Dissanayake said, adding that the capacity was limited to approximately 40 days.
"We have to empty the existing stock to pave the way for the incoming shipments."
"The government and the Central Bank are constantly monitoring the evolving situation to take all necessary measures," Dissanayake said.
The government on Monday extended the state of emergency to ensure that all essential services are provided without interruption, he said.
