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Fuel fears and question of trust

Fuel fears and question of trust

03 Mar 2026


As tensions escalated in the Middle East this week following direct attacks between the US-Israeli forces and Iran, anxiety travelled quickly to Sri Lanka. Within hours of the first reports of missile strikes and retaliation, queues began forming at fuel stations across parts of the country.

The fear was clear. Many Sri Lankans, still scarred by the crippling shortages of 2022, worried that another global crisis could once again disrupt fuel supplies. For a public that spent days and nights in queues during the economic collapse, the instinct to secure a full tank is not difficult to understand.

However, what followed was not the result of an actual supply disruption. It was a surge in demand driven by panic.

Authorities have stated there is no immediate shortage of fuel and that stocks remain adequate. They have assured the public that imports are continuing as scheduled and that there has been no interruption to shipments. Yet despite these assurances, motorists rushed to fill their tanks. Some purchased fuel in excess of their usual needs. Others queued even when their tanks were half full.

In doing so, an artificial shortage began to emerge.

Fuel distribution systems are calibrated to meet predictable daily consumption. When demand suddenly spikes, even healthy reserves can appear strained. Stations run dry faster than anticipated, not because the country has run out of fuel, but because volumes meant to last several days are depleted in a matter of hours.

This dynamic was visible during the past few days. In several areas, pumps temporarily ran out, reinforcing the very fears that had triggered the rush in the first place.

The reaction must be seen in the context of Sri Lanka’s recent past. The economic crisis of 2022 left deep psychological scars. Fuel queues stretched for kilometres. Businesses closed early or shut down entirely. Public transport services were disrupted. Hospitals and essential services faced immense pressure. The memory of those months remains fresh.

When news breaks of conflict in the Middle East, particularly involving countries central to global oil production and supply routes, it is natural for Sri Lankans to worry as the country remains heavily dependent on imported fuel. Any prolonged escalation could push up global oil prices or disrupt shipping routes, with inevitable consequences for domestic costs.

But at present, there has been no indication of a direct impact on Sri Lanka’s fuel shipments.

The more troubling issue exposed by the recent panic is the fragile state of public trust. The economic crisis weakened confidence in institutional communication.

Today, even when authorities provide reassurances, a segment of the public remains unconvinced. In the absence of full trust, rumours travel faster than facts. Social media posts predicting shortages can trigger behaviour that official statements struggle to calm.

This trust deficit has real consequences. Panic buying does not merely inconvenience motorists. It disrupts supply chains, affects public transport and places additional strain on distribution networks. It also raises questions of fairness. When some hoard fuel, others are left waiting longer, including those who depend on daily earnings or need fuel for essential travel.

Sri Lanka’s economic position today is not what it was in 2022. Foreign reserves, while still modest, are stronger. Fuel procurement arrangements have been restructured. There is greater oversight of supply management. These factors do not eliminate vulnerability to global shocks, but they provide a more stable foundation than during the crisis period.

That said, the Middle East conflict bears close watching. A sustained escalation could affect global oil prices, insurance costs, and freight charges. Policymakers must remain transparent and proactive, providing clear updates on stock levels and contingency plans. Consistent communication is essential to prevent speculation from filling the void.

For the public, the lesson is equally important. Vigilance is understandable. Panic is not. Acting on unverified fears can create the very shortages people are trying to avoid.

The queues seen this week are a reminder that Sri Lanka’s recovery is still delicate, not only economically but psychologically. Stability depends as much on public confidence as it does on supply figures. Rebuilding that confidence will take time, steady governance and responsible behaviour on all sides.




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