Litro Gas completes terminal at Hambantota
View(s):Litro Gas said this week it has seen a sales growth of above 30 per cent in the domestic market during the first 10 months of this year and the recent decision taken by the government to reduce the price of 12.5kg domestic LP gas will further have a posiive impact on its sales and volume, which are expected to surge by end this year. “The price reductions imposed within a year is significant (44 per cent) benefitting 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,” the company said in a media release. Litro Gas enjoys a market share of around 73 per cent and is increasingly capable of catering to the growing demand of the entire LP gas market in the country with its current infrastructure.
Shalila Moonesinghe, Executive Chairman Litro Gas Lanka Ltd was quoted in the release as saying, “We’ve had a very positive performance during the last 10 months with favourable 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 Hambantota Port consisting a storage capacity of 3,000 Metric Tones (MT). The storage facility of Litro Gas now increases up to 11,000 MT with this new addition, the release said.”The main LP gas terminal is situated at Kerawalapitiya and has a storage capacity of 8,000 MT. 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 Muditha Peiris was quoted in the release as saying, “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 it and this will benefit consumers based in Southern, Uva and Eastern provinces”.Presently Litro Gas serves its customers through 5,000 points of sale island-wide.