gas pledge no Laugfing matter
In the event of the Ceylon Petroleum
Corporation entering the domestic LPG market, Laugfs Gas, which
is selling at the lowest price, would be compelled to raise its
price, warned Chairman W. K. H. Wegapitiya. He said Laugfs buys
35 per cent of its requirement from the CPC while the balance is
imported at a cost of Rs 200 million per month.
Commenting on Petroleum Resources Minister A. H. M. Fowzie’s
ambitious plan to sell the locally produced gas at 10 per cent
less than the prevailing price of Laugfs, Wegapitiya said that
only the first 50 metric tons, with 4000 cylinders, could be
sold at 10 per cent less. But to continue in business and meet
customer demand , the CPC, too, would be compelled to import
gas. "Then it will have to increase the price which will be same
as that of Laugfs and Shell" he said.
He said once the CPC stops selling LPG to Laugfs it will
raise the price to be on par with Shell.
Director General of Laugfs Tilak de Silva, confirming
Wegapitiya’s stand said the Sapugaskanda Refinery is closed for
two months every two years for maintenance and this would add to
the woes of the CPC.
Petroleum Resources Minister A. H. M. Fowzie said gas at the
ten per cent less will be available before the forthcoming
Sinhala and Hindu New Year.