|| Online edition of Daily News - Lakehouse newspapers
Daily News Online

DateLine Friday, 9 February 2007

News Bar

News: Deyata Kirula brought all media together - Media Minister ...           Political: Political stability boosts growth aims ...          Financial: CB welcomes merger of banks to strengthen banking sector ...          Sports: Jayasuriya shines in rain hit one dayer ....

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | PICTURE GALLERY  | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

CPC going for open tender on LPG?

PROTECTION LAWS: Ceylon Petroleum Corporation (CPC) is analysing going for a open tender to sell Liquid Petroleum Gas (LPG).

Chairman of the CPC Asantha de Mel told the Daily News that they are in the process of checking whether this tendering is against the consumer protection laws of the country. “At the moment our legal officers are in the process of finalizing this”, he said.

At present CPC is providing LPG produced at its refinery to LAUGFS gas to provide gas at a low price to the consumers.

But this agreement will end in April with LAUGFS.

Chairman of LAUGFS Group of Companies W.K.H. Wegapitiya said that 30% of their total LPG requirement is fulfilled through the LPG produced at the CPC refinery. The balance is imported.

LAUGFS purchased LPG from CPC for the Saudi benchmark rate without freight charges. This cost cutting was passed on to the customer by reducing LAUGFS gas price by over Rs. 20, compared with other competitors in the market, he said.

Due to this open tender procedure LAUGFS will have to import their total LPG requirement and could not pass the benefit of the price reduction to the consumers.

‘We have informed all the authorities and this open tender will make a monopoly in the local LPG market,’ he said.

CPC produces about eight percent of Sri Lanka’s annual LPG demand. ( A.S )

EMAIL |   PRINTABLE VIEW | FEEDBACK

Gamin Gamata - Presidential Community & Welfare Service
www.icicibank.lk
www.srilankans.com
Kapruka - www.lanka.info
www.peaceinsrilanka.org
www.army.lk
www.news.lk
www.defence.lk
www.helpheroes.lk/

| News | Editorial | Financial | Features | Political | Security | Sport | World | Letters | Obituaries | News Feed |

Produced by Lake House Copyright 2006 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor