Litro Gas records impressive growth
The LPG company, Litro Gas Lanka Ltd., recorded a sales growth of
above 30 percent in the domestic market during the first 10 months of
this year.
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The gas terminal in Hambantota |
This complements with the price reductions imposed by the government.
The recent decision by the government to reduce the price of the 12.5
kg domestic LP gas clinder will further have a positive impact on its
sales and volume, which are expected to surge by the end this year.
The price reductions imposed within a year is significant (44
percent) benefitting the lower and middle-lower customer segments, and
this has allowed households in 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 73
percent and is increasingly catering to the growing demand of the entire
LP gas market in the country with its current infrastructure.
Executive Chairman, Litro Gas Lanka Limited, Shalila Moonesinghe
said, "We've had a very positive performance during the past ten months
with favourable market conditions. Our increased storage capacity and
sales shows our ambitious plans to expand our to every household."
Recently the company completed its new LP gas terminal at the port of
Hambantota with a storage capacity of 3,000 m/t. The storage facility
has now increased to 11,000 m/t with this addition.
The main LP gas terminal is 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 Asia.
Presently Litro Gas serves customers through 5,000 sales points
islandwide. Litro Gas has a reputation for the strict implementation of
safety standards.
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