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Mundagas (Phillipines) will invest US$2000 million to provide LPG and auto gas to the Sri Lankan market.

The agreement was signed by Managing Director of Mundagas (Phillipines) R.J.F Brothers and the Commerce and Consumer Affairs Minister Ravi Karunanayake last week.

The third player to enter the gas market in Sri Lanka, Munda is expected to start commercial operations in May. A cylinder of gas will be sold at a price of Rs 325 while an empty cylinder will be priced between Rs 400-700.

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