Colombo, July 13 Sri Lanka's embattled President Gotabaya Rajapaksa on Wednesday fled to the Maldives on a military jet, hours before he was supposed to step down in the face of a public revolt against him and his family for mishandling the economy that has bankrupted the country.

The 73-year-old leader was received by a Maldivian government representative at the Velana airport, sources here said, quoting Maldivian officials.

Rajapaksa fled the country on a military jet, the Daily Mirror online reported.

He arrived in the capital of the Maldives, Male, at around 03:00 local time (22:00 GMT), BBC reported.

However, there was no official confirmation on Rajapaksa’s departure from Sri Lanka as yet.

His younger brother and former finance minister Basil Rajapaksa has also left the country, BBC said, citing sources.

Basil, the 71-year-old leader who is being widely held responsible for the country's worst economic crisis which has heaped misery on the people, is said to be heading to the US. He is a US passport holder.

On Monday night, both Rajapaksa and his brother Basil were turned back at the Colombo airport as they attempted to leave the country amid mounting anger against the powerful family for mishandling the island’s worst economic crisis.

Basil resigned as finance minister in early April, as street protests intensified against shortages of fuel, food and other necessities and quit his seat in parliament in June.

President Rajapaksa has informed both Speaker of Parliament Mahinda Yapa Abeywardena and Prime Minister Ranil Wickremesinghe that he will resign on July 13, days after protesters stormed his official residence in rage over the island nation's worst economic crisis.

Speaker Abeywardena was expected to publicly announce President Rajapaksa's resignation to the nation on Wednesday.

Sri Lanka's political parties have stepped up efforts to form an all-party government and subsequently elect a new President on July 20 to prevent the bankrupt nation sliding further into anarchy.

A meeting was held early this week between the main opposition Samagi Jana Balavegaya (SJB) and former president Maithripala Sirisena's Sri Lanka Freedom Party (SLFP).

Parties have begun campaigning for the support of possible candidates. The SJB said they will campaign for the appointment of Sajith Premadasa as the interim President.

Premadasa said on Monday that his party was ready to lead the country at the presidential and prime ministerial level and develop the economy.

Under the Sri Lankan Constitution, if both the president and prime minister resign, the Speaker of parliament will serve as acting president for a maximum of 30 days.

The Parliament will elect a new president within 30 days from one of its members, who will hold the office for the remaining two years of the current term.

The distribution of cooking gas has resumed alongside the delivery of fuel to retailers by Indian Oil Company after a stoppage on Sunday. Long queues are still seen at fuel pumps.

Protesters continue to occupy the three main buildings in the capital, the President’s House, the presidential secretariat and the prime minister’s official residence, Temple Trees, calling for their resignations.

Sri Lanka, a country of 22 million people, is under the grip of an unprecedented economic turmoil, the worst in seven decades, leaving millions struggling to buy food, medicine, fuel and other essentials. Prime Minister Wickremesinghe last week said Sri Lanka is now a bankrupt country.