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    HomeBreakingContracts to procure 100,000 metric tons of LP gas will be signed...

    Contracts to procure 100,000 metric tons of LP gas will be signed today

    Litro Gas Company under the Ministry of Finance today signed an agreement to acquire 100,000 metric tons of LP gas.

    The total wholesale price is US $ 90 million. The World Bank has provided $ 70 million in funding and the remaining $ 20 million has been provided by Litro.

    This stock will be sufficient to supply the country for four months.

    70% of the gas stock will be delivered to domestic customers. It is estimated to get 5 million 12.5 kg cylinders, 1 million 5 kg cylinders and 1 million 2.5 kg cylinders. The remaining 30% will be used for commercial use.

    An initial consignment of 33,000 tons of LPG acquired by Litro at a cost of $ 20 million will arrive in Sri Lanka in the first week of July and distribution will begin immediately.

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