News
Laugfs Gas halts Sri Lanka LPG import over price controls
Laugfs Gas Plc said it has halted import and distribution of liquefied petroleum gas imports as authorities had denied a price hike despite soaring raw material prices.
Laugfs said it had requested a price increase from Sri Lanka’s Consumer Affairs Authority, which is operating as a price control agency.
“The decision of the authorities concerned has been delayed in this regard and it is still pending,” the firm said in a stock exchange filing.
“The company will use its best endeavours to continue to negotirate with the authorities to resume supplies of LP Gas at its earliest.”
The firm lost 954 million rupees in the March 2021 quarter as global prices rose and it was denied price hike.
Laugfs is estimated to have a 20 percent market share.
Price controls of the generally cause shortages and also creates a ‘black market’ at the market clearing price or higher levels.
Sri Lanka’s Consumer Affairs Authority has previously created shortages of items like tinned fish and lentils through its price controls. (ECONOMYNEXT)
Latest News
Heat Index at Caution Level in the Northern, North-central, North-western, Western, Sabaragamuwa and Eastern provinces during the day time
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 24 April 2026, valid for 25 April 2026.
Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Northern, North-central, North-western, Western, Sabaragamuwa and
Eastern provinces during the day time.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.
News
Opposition holds NPP Cabinet responsible for coal scam, three times bigger than bond fraud
The Opposition yesterday called for the entire Cabinet-of-Ministers to accept responsibility for the coal scam. Addressing the media at the Flower Road Office of UNP leader Ranil Wickremesinghe, former Foreign Minister Prof. G. L. Peiris emphasised that Energy Minister Kumara Jayakody’s resignation, in the wake of the damning report issued by the National Audit Office (NAO), has now implicated the entire Cabinet-of-Ministers.
Prof. Peiris asserted that Jayakody, who had been indicted in the Colombo High Court over alleged corruption, during the Yahapalana administration, stepped down after the NPP failed to suppress the truth on the coal scam.
The ex-Minister declared that Jayakody’s resignation, the first since the formation of new government, with a super majority in Parliament, was a devastating setback for the current dispensation.
The internationally recognised legal scholar said that a future government would move courts against the entire NPP Cabinet. Referring to the NAO report submitted to Parliament, Prof. Peiris emphasised that there was absolutely no ambiguity regards allegations directed at the Energy Ministry. The NAO report proved that the Indian company, Trident Champhar, that won the major contract, didn’t even have the required registration.
Prof. Peiris said that the coal scam was three times bigger than the Treasury bond scams, perpetrated during the Yahapalana time (SF)
News
Case against Yoshitha and Daisy Forrest postponed
The Colombo High Court yesterday ordered that the case, filed under the Prevention of Money Laundering Act against Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, and his grand-aunt Daisy Forrest Wickramasinghe, be recalled on June 10.
The case was taken up before High Court Judge Rashmi Singappuli.
At the hearing, State Counsel informed the court that a related case, on similar charges, had been filed before High Court No. 08. The court was further informed that a revised indictment has been directed to be filed in that case, necessitating the submission of a revised indictment in the present case as well.
State Counsel requested time to report on the progress of those proceedings.
Accordingly, the judge ordered that the case be called on June 10 and directed that progress be reported on that date.
The case pertains to three indictments filed by the Attorney General alleging that between March 31, 2009, and December 12, 2013, the accused had committed an offence under the Prevention of Money Laundering Act by depositing over Rs. 59 million in three private banks, the source of which could not be explained.
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