Massive gas shortage from today; banks deny opening LCs

3 March 2022 12:08 pm - 14 - {{hitsCtrl.values.hits}}

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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)

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Comments - 14

Richard Vonhagt Thursday, 03 March 2022 12:14 PM

When is this misery going to end? Government, resign!!!

NightOwl Thursday, 03 March 2022 12:14 PM

Is laugfs still in the busiess. We have started using the Laugfs cylinders as branches some time ago.

Karalasingam Sivalingam Thursday, 03 March 2022 12:20 PM

Mayhem going to break out. Cabinet of ministers take quick decisions. Sri Lanka is sinking in every front.

BuffaloaCitizen Thursday, 03 March 2022 12:24 PM

All 225 in parliament are big farters with Weerawansa the best fart out of them. If we can connect hoses to their arseholes, those 69% who voted can get uninterrupted APG to cook and relish their meals flavored by their favorites.

CONSUMER Thursday, 03 March 2022 12:26 PM

Govt should take prompt action to to release funds and avert another major issue of queues and unrest.

Andy Thursday, 03 March 2022 12:33 PM

What on earth is happening!!! This is just crazy... what is Cabral doing about this.. he comes on radio and paints a rosy picture all the time... wake up man, stop talking and get into action or quit if you cannot perform.

Unfortunate Lankan Thursday, 03 March 2022 12:36 PM

So many political parties in Sri Lanka. However no opposition to chase this inefficient and corrupted regime chased. Time for CHANGE or LEAVE at earliest opportunity.

Lumbini Thursday, 03 March 2022 12:45 PM

No problem. We don't need electricity, fuel, or anything. We are a happy nation.

Karalasingam Sivalingam Thursday, 03 March 2022 12:45 PM

Cancell a events, summon an all party meeting, seek expertise advice. Find ways and means to mitigate, gas, fuel and drug supplies.

sam Thursday, 03 March 2022 12:54 PM

Old news there was no gas the last few days or weeks

Suddha Thursday, 03 March 2022 01:11 PM

Another sign that Sri Lanka is on the way to becoming a failed state. Government is unable to provide any essentials good for the people they are supposed to serve. Other countries in South East Asia are not facing similar problems. Covid is not the reason for the governments failure

Sunil Thursday, 03 March 2022 01:31 PM

This will be the latest addition to our prosperity.

Ram Thursday, 03 March 2022 01:46 PM

Politicos must suspend their back up vehicles, save all that fuel, if calculated their consumption it will be hefty volume that can be used for power production even in a small way

Mohan Thursday, 03 March 2022 07:13 PM

You guys eat a lot of potatoes without garlic and we should get enough gas.

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Massive gas shortage from today; banks deny opening LCs

Comments - 14

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