Sri Lanka hits the brakes! - Colombo declares weekly Wednesday holiday to conserve dwindling fuel

"In a proactive measure to address potential fuel shortages stemming from the ongoing Middle East conflict, Sri Lanka has declared every Wednesday a public holiday for all government institutions, schools, and universities, effective immediately. These emergency measures aim to reduce fuel consumption across government operations by at least 25 per cent as the island nation braces for continued energy disruptions and declining reserves linked to the conflict involving the US, Israel, and Iran. The newly established four-day workweek seeks to minimise commuting and subsequently decrease fuel usage. However, essential service providers, including health and immigration authorities, are exempt from this rule. The private sector is also encouraged to participate in this initiative, alongside the implementation of a QR code fuel rationing system. In an interview filmed in Colombo on Wednesday, local businessman Janaka Perera shared his concerns, stating, “We are experiencing another fuel crisis, as we did a few years ago, because of the coronavirus pandemic. Unfortunately, people have to line up in queues again because of this panic buying. People are now hoarding fuel. We have the panic of an impending fuel shortage.” Perera applauded the QR code initiative, saying, "I think that introducing this QR code or the national fuel pass is a good implementation through which the government can control the fuel supply, and they can maintain it until the Middle East crisis is over. He also suggested stricter measures: "The government should limit or restrict the provision of essential items to the people, and the government should curb panic buying, and the government should encourage the people to be patient.” Support for the QR code approach was echoed by Upul Fernando, who remarked, "I believe the QR system is a practical solution given the current situation in our country. However, it requires more systematic management, including setting quotas for various vehicles based on urban versus rural needs." Fernando warned of additional challenges, stating, "We might face food shortages next, so we should promote local agriculture and focus on domestic production. Limiting imports and prioritising what we can produce locally is essential." This decision was made during a special meeting convened by President Anura Kumara Dissanayake with the state machinery to discuss strategies ensuring the continuity of public services amid the Middle East turmoil. Last week, Sri Lanka increased fuel retail prices to discourage hoarding. Starting Sunday, a fuel rationing system was implemented to minimise usage and limit stockpiling while urging the public to conserve fuel. Nevertheless, long queues formed outside fuel stations following the announcement of the new rationing system. This action is part of a series of austerity measures adopted by Asian nations since the war disrupted the Strait of Hormuz, a crucial waterway for oil exports to Asia. Nearly 90 per cent of oil and gas flowing through the strait last year was destined for Asia, the world's largest oil-importing region. Officials warn that the current fuel reserves will last approximately six weeks, cautioning that extended supply disruptions could severely impact Sri Lanka's fragile economic recovery."