header logo
Asia asset finance
Mogo Academy
Latest
Laugfs says LP gas distribution process expanded
Jul 01, 202211:51 PM
Laugfs says LP gas distribution process expanded

Laugfs Gas PLC, one of the two largest liquefied petroleum gas suppliers in Sri Lanka, says it is taking necessary measures to expand the product distribution operations to expeditiously provide gas cylinders to its customers.

 

In a media release published today (July 01), the company said it recently faced massive challenges in importing LP gas for commercial, industrial and domestic purposes due to the forex shortage in the country.

 

Laugfs Gas also said making the supply meet the demand was also challenging to them as the company was unable to open Letters of Credit for several months to import LP gas.

 

However, following continuous discussions held with the state-owned and commercial banks, Laugfs Gas managed to open Letters of Credit required for LP gas importation, the statement read further.

 

Imported LP gas stocks are now being filled into cylinders at the filling terminal of Laugfs Gas and these cylinders will be issued to the domestic market through its dealers, the company added.

 

Laugfs Gas decided to distribute LP gas cylinders to the customers directly in a bid to prevent the irregularities in the process, and it has already commenced product distribution through its distributors and sales agents.

 

There have been reports about a fraudulent syndicate selling Laugfs LP gas cylinders above the prices declared by the company, the statement noted.

 

Laugfs Gas says its customer care division can be informed via the hotline 1345 about such incidents.

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora