Sri Lanka is not going forward with a $3.85 billion deal and oil refinery project that was said to become the island's largest foreign investment has been terminated, Kanchana Wijesekera, the Energy Minister stated.

Sri Lanka scraps foreign-funded key oil refinery project | World News | WION

Thousands of stores, schools, and companies in Sri Lanka were closed on Friday as public and private sector workers protested the president and government's handling of the island's worst financial crisis in decades.

Watch | Stripped of good governance, Sri Lankans launch an 'underwear protest'

In order to procure fuel stocks, Sri Lanka on Monday (May 1) extended a credit line with India by $200 million. The announcement was made by Sri Lanka's power and energy minister, Kanchana Wijesekera who added that four shipments will arrive from India in May.

In order to procure fuel stocks, Sri Lanka extends credit line with India by $200 million