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Litro seeks LPG price increase amidst spike in global pricing

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Rs. 1.5bn loss per month

By Suresh Perera

An increase in the price of Liquid Petroleum Gas (LPG) is now on the cards to offset a staggering loss of Rs. 1.5 billion per month incurred by Litro Gas Lanka in the backdrop of a spike in global pricing, which a senior industry official described as a “crippling blow”.

“We have to incur a loss of Rs. 700 on every domestic LPG cylinder sold in the market”, says Janaka Pathirathna, the company’s Director, Sales & Marketing/Corporate Affairs.

He said that the approval of the Consumer Affairs Authority (CAA) has already been sought to push up LPG prices, but there was still no formal decision on the matter.

Asked about the quantum of the price increase sought by Litro Gas, he replied, “Though we have indicated that a Rs. 700 loss is being incurred per domestic cylinder, it’s left to the government to determine the new pricing structure”.

Losses are steadily mounting as domestic cylinders account for the lion’s share of 80% of the total market, Pathirathna stressed.

“The more we sell, the more the financial losses we have to grapple with”, he complained.

Asked about industrial LPG cylinders, he replied, “We sell them at the procured price without a mark-up”.

He said that Litro Gas Lanka maintained stable prices for more than a year despite escalating global prices.

International LPG prices have now ballooned to US$ 600 per metric ton, he noted.

With the Covid-19 pandemic impacting markets across the world, coupled with currency fluctuations, international prices of LPG as one of the world’s most widely used energy sources have seen volatility.

According to Argus Independent Commodity Price Reporting Agency, the leading independent provider of energy and commodity price benchmarks, rising prices and uncertain economic forecasts overshadow the LPG industry globally.

The Argus pricing benchmark ‘Argus Far East Index’ is used widely in Asia, while Saudi Aramco Index is also used in countries such as Sri Lanka.

LPG is more than a commodity in Sri Lanka – it is an economic indicator that keeps home fires burning and multiple industries running, says Anil Koswatta, Chairman of Litro Gas Lanka,

“We understand the importance of passing on the economic benefit to the end-user as outlined in the government’s vision for the nation. As a result, despite currency fluctuations and LPG prices moving up worldwide, we have consistently maintained our prices in accordance with this vision”, he emphasized.

While it is difficult to predict the pricing structure due to external factors, global indicators such as fluctuating world LPG prices, currency fluidity and industry demand may result in price variations, Pathirathna said.

On the way forward for LPG markets amidst the pandemic, Argus Report says that growth is expected in 2021 resulting in spiraling prices possibly continuing until the end of the year. While seasonality will also drive demand, Argus Report also acknowledges that petroleum price reversals are likely to result in uncertainty of global LPG prices.

Industry experts affirm that while in the developing world, LPG is primarily used for domestic cooking, in the developed world, it is used widely for indoor heating.

“As the national LPG provider, Litro Gas Lanka understands the importance of stabilized pricing. However, rising international prices and enhanced international shipping and freight rates could further burden us”, Pathirathna added.



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Advisory for strong winds and rough seas for Multi-day boats in the Bay of Bengal

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Navel and fishing communities engaging the activities over this sea area are advised to be vigilant

Advisory for strong winds and rough seas  for Multi-day boats in the Bay of Bengal deep sea areas
Issued by the Natural Hazards Early Warning Centre
Issued at 05.00 p.m. 18 September 2026, valid for the next 24 hours.

PLEASE BE AWARE!
The atmospheric disturbance to the North of the Andaman Islands in the Bay of Bengal, is likely to develop into a low pressure area within the next 24 hours.

Due to its influence, wind speed over the Bay of Bengal sea areas will increase during the next few days starting from
tomorrow (19th).

The wind speed in the sea areas marked under the “Advisory” category on the map below will increase to 55-65 kmph at times and those sea areas will be rough or very rough at times.

Navel and fishing communities engaging the activities over this sea area are advised to be vigilant and be attentive to the future forecasts and bulletins issued by the department of Meteorology in this regards.

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Some NPP manifesto promises may be difficult to fulfil – CIABOC DG

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Ranga Dissanayake (Director General CIABOC) at the BMICH on Wednesday

Text and Pic by Priyan de Silva

Director General of the Commission to Investigate Allegations of Bribery and Corruption (CIABOC) Ranga Dissanayake has questioned whether some promises contained in the National People’s Power (NPP) manifesto, A Thriving Nation – A Beautiful Life, could be fulfilled even if the government wanted to implement them.

Dissanayake raised the issue during a discussion following the release of the third biannual report on manifesto monitoring by the March 12 Movement, at the BMICH, on Wednesday.

He questioned whether the report had taken into account legal and institutional constraints affecting the implementation of certain pledges.

Citing the proposal to establish Anti-Corruption Investigation Offices in each district, Dissanayake said such offices could be established only with the agreement of CIABOC and that amendments to the Anti-Corruption Act would be necessary.

He also referred to the pledge to abolish the Executive Presidency, noting that successive governments had made similar commitments since 1994. He questioned whether there had been adequate consideration of where the powers vested in the Executive President would be transferred if the system were abolished.

On the proposal to establish a Public Prosecutor, Dissanayake questioned whether the Government intended to maintain the office alongside the Attorney General, who currently performs prosecution-related functions.

Executive Director of the Institute for Democratic Reforms and Electoral Studies (IRES) Manjula Gajanayake said Dissanayake’s remarks should be regarded as his personal views and not as Government policy.

Monitoring and Evaluation Consultants M. Thilakarajah and D.D. Mataharaarachchi presented the third-phase findings, covering January to June 2026.

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Yoshitha and ex-Navy chief Karannagoda’s case fixed for PTC

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The corruption case filed by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) against former Navy Commander, Admiral of the Fleet Wasantha Karannagoda, and Yoshitha Rajapaksa was set for a pre-trial conference by the Colombo High Court.

The case was taken up before the Colombo High Court on Thursday (17), when the accused, who are currently out on bail, appeared before the court. After considering the submissions made, the court ordered that the case be called for a pre-trial conference.

The CIABOC had filed the case against the accused, alleging that a corruption offence was committed by sending Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, for training at the Royal Naval College in the United Kingdom despite him not having the required qualifications.

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