Laugfs Gas and the state-owned Litro Gas to be merged
Occurred in Sri Lanka on Oct. 10, 2021 at 11 p.m.
Reported by Nishadi Gunatilake via Internet on Oct. 10, 2021 at 11:15 p.m.
Reported by Nishadi Gunatilake via Internet on Oct. 10, 2021 at 11:15 p.m.
# Gas
This report is Probably true
and is of
Low Priority.
Here is why -
This had been first announced in May 2021, and the news is recurring on social media due to the sudden increase in gas price. Read more about the proposed merger here: https://www.sundaytimes.lk/210530/news/govt-proposes-merger-of-laugfs-and-litro-to-stabilise-lp-gas-price-445817.html. Several articles had criticized the proposed move: https://www.lnwbiz.org/160-Issues-and-Opinions/78680-LAUGFS-and-Litro-merger-to-become-public-money-wasting-venture.