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President tells Laugfs Gas to ensure supplies to households
View(s):The Government has directed Laugfs Gas, one of the major providers of cooking gas, to ensure a monthly supply of 3,000 metric tonnes to households on a priority basis compared to industrial customers, as a country-wide Laugfs gas shortage is being experienced.
Issuing a gazette notification on Friday under Section 12 of the Finance Act Commercial Hub regulations No. 01 of 2019, President Anura Kumara Dissanayake directed that the cooking gas provider should maintain a minimum of 7,500 MT of LP gas stock to ensure meeting the demand and continuity of LP gas supply to the domestic market without shortage.
Accordingly, the domestic sales of 9,000 MT LP gas are allowed through Laugfs Gas PLC for the next three months, effective from Friday till February 21 next year.
While the company is also told not to exceed its past monthly sales under the additional quota offered by the fresh regulations, it is instructed to pay all applicable taxes, including corporate taxes on domestic sales, as per the provisions of the Act.
The Board of Investment (BoI) is also tasked with reviewing the progress in two months, including the efforts to find alternative re-export markets as well.
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