Litro Gas completes terminal at Hambantota
The national Sri Lanka based LPG company Litro Gas has exhibited a significant sales growth of above 30% in the domestic market during the first 10 months of this year. This complements with the imposed price reductions by the Government.
The recent decision taken by the Government to reduce the price of 12.5 kg domestic LP gas will further have a positive 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%) 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.
Litro Gas enjoys a market share of around 73% and is increasingly capable of catering to the growing demand of the entire LP gas market in the country with its current infrastructure.
Litro Gas Lanka Ltd. Executive Chairman Shalila Moonesinghe said, “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 port of Hambantota consisting a storage capacity of 3,000 m/t. The storage facility of Litro Gas now increases up to 11,000 m/t with this new addition.
The main LP gas terminal is situated 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 the Asian continent.
Litro Gas Managing Director Muditha Peiris said, “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.”
Litro Gas Lanka Ltd. (LGLL) is the leader in marketing and selling LPG in Sri Lanka along with its associate company Litro Gas Terminal Lanka Ltd. Sales and Marketing Director Chaminda Ediriwickrama said, “We’ve been experiencing immense growth in our sales with the increasing demand for LPG across the country and we’re on a continuous drive to expand our channels and points of sale to increase our reach and presence.”
Presently Litro Gas serves its customers through 5,000 points of sale island-wide. Litro Gas has a reputation for the strict implementation of safety standards and is considered as an important cornerstone in its company strategy.