3 March 2022 12:08 pm
The two main gas importing companies, "LAUGFS" and "LITRO" today said they would not be able to import gas, as the local banks do not permit them to open Letters of Credit (LCs), which could eventually lead to a massive gas scarcity in the country.
They also said due to the current dollar crunch, the banks do not entertain opening LCs.
Meanwhile, LAUGFS Holdings Chairman W.K.H. Wegapitiya said the existing gas will finish mostly by today and it is going to be another huge issue on top of the present fuel shortage in the country, he said. (Chaturanga Samarawickrama)