Laugfs Gas says it will be able to provide Sri Lanka with an adequate supply of gas within two weeks if the required Letters of Credit can be provided amidst the prevailing dollar crisis.
Speaking during a media briefing today, Chairman of Laugfs Gas WKH Wegapitiya said earlier, 40,000 to 50,000 cylinders of gas were issued daily but there was a reduction in the filling and distribution of gas due to implementing the recommendations of the Court, the Sri Lanka Standards Institution and the Consumer Affairs Authority.
He said accordingly 10,000 to 15,000 cylinders are being distributed daily at present.
The Chairman said the main reason behind the shortage of gas is the shortage of dollars.
Wegapitiya said they have stocks of gas at the storage facilities of the Hambantota Harbour.
He said they warned the relevant individuals of the present situation to no avail adding they urged the Consumer Affairs Authority to implement the pricing formula since March 2021 due to costs increasing in the world market.
He said the Authority lifted the price limitations after one and a half years adding gas companies had already suffered great financial losses.
He said this led to certain companies reducing gas cylinders to 18 litres.
Wegapitiya claimed they knew the consequences of the actions adding no one heeded warnings, which led to substandard gas being imported to Sri Lanka.
He said court issued recommendations that the composition of propane that must be included in gas cylinders should be 30 percent.
He noted Laugfs Gas adhered to the standard since before, adding at present the composition is displayed on the cylinder for the consumer’s awareness as well.
Wegapitiya said court also issued an order to replace gas cylinders that were purchased by consumers.
He said accordingly Laugfs Gas consumers can take new and partially used gas cylinders to the nearest sales agent, to get it replaced.