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No gas shortage in market: Laugfs

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Laugfs Gas Chief Executive Officer Nalinda Kurukulasuriya said that there is no shortage of gas in the market and there is no truth in the reports to that effect.

He said Laugfs gas stocks required for a month have been stored at the Hambantota and Mabima Terminals.

He further said that necessary price revision will be made in the future to provide a benefit to the customer and the price revisions will be done based on the future stocks and the value of the US Dollar.

Meanwhile, Litro Gas Company Chairman Muditha Peiris recently said that the price of a domestic gas cylinder will be reduced further in July.

He said the latest reduction will be the fourth price reduction.

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