Laugfs Gas PLC yesterday introduced a considerable discount within the costs of its Laugfs-branded home liquefied petroleum fuel (LPG), efficient midnight. 
As of in the present day, the value of a 12.5kg home cylinder, underneath the Laugfs model, will probably be diminished by Rs.625, to an MRP of Rs.4,115, inside the Colombo district. 
The costs within the different areas and pack sizes will probably be adjusted accordingly. 

“This significant price revision comes as a testament to several positive developments and factors contributing to the favourable economic climate,” Laugfs Gas stated in an announcement.

It went on to acknowledge the supportive authorities insurance policies, together with the appreciating worth of the Sri Lankan rupees towards the US greenback, discount in rates of interest and availability of ample international alternate, facilitating the opening of letters of credit score.

Since the expiration of the commerce monopoly held by multinational Shell Gas in 2000, Laugfs Gas PLC has emerged as the only real personal sector participant within the extremely dynamic LPG trade in Sri Lanka. 

Laugfs Gas PLC operates one of many largest LPG import and export terminals within the Indian Ocean area on the Hambantota Port, able to dealing with 30,000 m/tonne shipments. This strategic benefit allows the corporate to optimise LPG prices, thereby facilitating this huge value discount.

Moreover, Laugfs Gas PLC maintains a fleet of LPG vessels, solidifying its place as the one Sri Lankan LPG ship-owning firm. Leveraging its sturdy infrastructure and logistic capabilities, the corporate has emerged as a number one LPG dealer within the Asian area.

Looking forward, Laugfs Gas PLC stated it’s dedicated to passing on these benefits to the Sri Lankan LPG shoppers.