Government considers releasing up to 300,000 additional Litro gas cylinders
Sri Lanka, Nov. 12 -- The Government is considering releasing an additional 200,000 to 300,000 liquefied petroleum gas (LPG) cylinders through Litro Gas Lanka Ltd. as a last resort if LAUGFS Gas PLC fails to ensure an adequate supply to the market, Deputy Trade, Commerce, Food Security and Cooperative Development Minister R. M. Jayawardena said.
Speaking to local media, Jayawardena said the Government was prioritising efforts to resolve the shortage through LAUGFS rather than immediately increasing Litro's market share, as such a move could create complications under existing supply agreements between the two companies.
He noted that LAUGFS currently accounts for 20% of the LPG market, while Litro holds the remaining 80%. However, Litro...
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