Litro Gas

Litro Gas is Sri Lanka's largest gas company. It controls 60% of Sri Lanka's gas market. The company wholly owns Ceylon Petroleum Corporation.

Litro Gas
IndustryGas
PredecessorColombo Gas and Water Company
Founded1872 (1872) in Ratmalana, Ceylon.
Key people
Anil Koswatte (Chairman) and (CEO)
Revenue Rs 1.538 billion (2018)[1]
Rs 297 million (2018)[1]
ParentCEYPETCO
Websitewww.litrogas.com

Established in 1872 as Colombo Gas and Water Company,[2] it was a wholly owned subsidiary of Royal Dutch Shell until 2010, when it was purchased by the government of Sri Lanka. The company's current name was adopted in 2010.[3] In 2020 Litro Gas brought Hamnantota Port LPG tanks. The port is operated by China Merchants Port.[4]

History

Litro Gas was originally established by British Ceylon Government in 1872 as Colombo Gas and Water Company. Company's first main office located in Gas Works Street (Gas Paha Junction), Colombo. In 1996, Royal Dutch Shell acquired Colombo Gas and Water Company for US$ 37 million. The company was incorporated as a subsidiary of Shell Company. Shell company monopoly was created in 1996.[5] Shell's monopoly ended after Government LPG distribution was given to the LAUGFS Gas PLC in 2001.[6]. 14 years after Sri Lankan Government brought back majority stake for US$ 63 million. In 2010 it became a wholly owned subsidiary of CPC.[5]

Gas Explosions

Up to 400 incident of a domestic gas cylinder exploding from October to December in 2021.

[7]

References
  1. "Litro Gas Audit Report 2018" (PDF). National Audit Office. National Audit Office. 31 March 2019. Retrieved 2 January 2021.
  2. "About Us - Litro Gas". www.litrogas.com. Retrieved 2021-01-02.
  3. Reuters Staff (2010-11-03). "Sri Lanka buys back gas business from Shell for $63 mln". Reuters. Retrieved 2021-01-02.
  4. "Sri Lanka's Hambantota Port LPG tanks leased to Litro Gas in use". EconomyNext. 2020-05-05. Retrieved 2021-01-02.
  5. "Sri Lanka buys back gas business from Shell for $63 mln". Reuters. 2010-11-03. Retrieved 2021-12-12.
  6. "Our Story - Laugfs Gas". www.laugfsgas.lk. Retrieved 2021-12-12.
  7. Jayasinghe, Uditha (2021-12-03). "Sri Lanka suspend cooking gas cylinder sales over mystery explosions". Reuters. Retrieved 2021-12-12.
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