President has failed
to keep promises - LAUGFS
By Aisha Edris
LAUGFS Holdings chairman W.K.H. Wegapitiya has hit out at
President Mahinda Rajapaksa for failing to promote local
The statement came after the government allowed only
multi-national company Shell to increase prices of their
Liquefied Petroleum Gas (LPG) filled cylinders, but refused to
give approval to Laugfs, a 100% locally owned company to
increase their prices despite continuous request made during the
past four months.
“The President came into power promising to promote local
entrepreneurs but we see that the “Mahinda Chinthana” policies
have not been implemented and not being adhered to,” he told The
LAUGFS has sought legal intervention to increase the price of a
gas cylinder by Rs. 157.94 from the current Rs. 956 after the
Consumer Affairs Authority declined the company’s request to
increase the price.
The gas company says they are losing immensely due to the
increase of LPG prices in the world market and the depreciation
of the Sri Lankan rupee.