Laugfs Gas PLC announced yesterday that it will significantly reduce the price of Laugfs branded domestic liquefied petroleum gas (LPG) from midnight.
As of today, within the Colombo district, the price of a 12.5kg indigenous cylinder under the Laugfs brand has been reduced by Rs 625, bringing the MRP to Rs 4,115.
Prices and pack sizes for other regions will be adjusted accordingly.
“This significant price revision is evidence of several positive developments and factors contributing to a favorable economic environment,” Raghus Gas said in a statement.
He also acknowledged the government's supportive policies, including the appreciation of the Sri Lankan rupee against the US dollar, lower interest rates, and the availability of abundant foreign currency to facilitate the opening of letters of credit.
Since the end of multinational Shell Gas's trade monopoly in 2000, Laugfs Gas PLC has emerged as the only private player in Sri Lanka's highly dynamic LPG industry.
Laugfs Gas PLC operates one of the largest LPG import/export terminals in the Indian Ocean region at Hambantota Port, with a capacity to handle shipments of 30,000 m/t. This strategic advantage allows the company to optimize his LPG costs and facilitate significant price reductions.
Additionally, Laugfs Gas PLC maintains an LPG fleet, solidifying its position as Sri Lanka's only LPG vessel owner. Leveraging its robust infrastructure and logistics capabilities, the company has emerged as a leading LPG trader in the Asia region.
Looking ahead, Laugfs Gas PLC said it is committed to communicating these benefits to LPG consumers in Sri Lanka.
