Litro Gas shows 30 pct growth, completes terminal at Hambantota

Press Release: The national LPG (liquid petroleum gas) company has exhibited a significant sales growth of above 30pct in the domestic market during the first 10 months of this year. This complements with the imposed price reductions by the government. The recent decision taken by the government to reduce the price of 12.5Kg domestic LP gas will further have a positive impact on its sales and volume, which are expected to surge by end this year. The price reductions imposed within a year is significant (44pct) benefiting the lower and middle-lower customer segments, and this has allowed households in both urban and rural areas throughout the country to switch from the traditional firewood to LP gas which today is an affordable cooking fuel. Litro Gas enjoys a market share of around 73pct and is increasingly capable of catering to the growing demand of the entire LP gas market in the country with its current infrastructure. Mr. Shalila Moonesinghe, Executive Chairman of Litro Gas Lanka Limited said ‘We’ve had a very positive performance during the last ten months with favorable market conditions. Our increased storage capacity and sales channels shows our ambitious plans to expand our reach of domestic LPG gas to every household in the country.’ Recently the company completed its new LP gas terminal located at the port of Hambantota consisting a storage capacity of 3,000 m/t. The storage facility of Litro Gas now increases up to 11,000 m/t with this new addition. The main LP gas terminal is situated at Kerawalapitiya and has a storage capacity of 8,000 m/t. Litro Gas also moved its’ filling operations to its new state- of- the art filling plant in Kerawalapitiya, which is one of the largest LP gas filling plants in the Asian continent. Litro Gas Managing Director Mr. Muditha Peiris, said ‘Along with the recent completion of our new terminal at Hambantota port we’re also in the process of setting up another filling plant just besides itand this will benefit consumers based in Southern, Uva and Eastern provinces.’ Litro Gas Lanka Limited (LGLL) is the leader in marketing and selling LPG in Sri Lanka along with its associate company Litro Gas Terminal Lanka (Pvt) Ltd. Mr. Chaminda Ediriwickrama, Sales & Marketing Director said ‘We’ve been experiencing immense growth in our sales with the increasing demand for LPG across the country and we’re on a continuous drive to expand our channels and points of sale to increase our reach and presence.’ Presently Litro Gas serves its customers through 5,000 points of sale island-wide. Litro Gas has a reputation for the strict implementation of safety standards and is considered as an important cornerstone in its company strategy.