Home » Litro Gas Company’s Remarkable Turnaround: From 14 Billion Loss to Profitable State-Owned Enterprise

Litro Gas Company’s Remarkable Turnaround: From 14 Billion Loss to Profitable State-Owned Enterprise

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The Litro Gas Company, which had suffered a loss of nearly 14 billion, has now become a profitable state-owned company by continuing to provide concessions to its customers and contributing greatly to the economy of Sri Lanka due to its successful leadership. Last month, Litro Gas Company worked to bring the 12.5 kg gas cylinder, which is used by the largest number of consumers throughout Sri Lanka, from the limit of five thousand rupees to the limit of two thousand rupees. It gives great strength to the efforts of the government to provide a comfortable life to the people of the country by reducing the inflation of the country. In addition to the relief provided to the people by providing gas without shortage and reducing the gas price, in a special press conference, Muditha Peiris, the success pilot of Litro Company, disclosed another relief provided to our country by Litro Company. As he mentioned there, the Litro Gas Company has decided to give an amount of 1.5 billion rupees, to the treasury through the mother company of Litro, the Sri Lanka Insurance Corporation. By providing significant relief to the people and keeping the gas price as low as possible, Litro Company’s responsible parties including Muditha Peiris worked to donate a portion of the profits made by Litro Company in the past to the Sri Lanka Maha Bandagarhiya with the hope of further relief to the people who are tired of the burden of life. Answering a question raised during the press conference held yesterday, he stated that while providing these concessions, his staff including himself are following various methods and strategies to keep his company strong. Muditha Peiris and Litro company have become the sole aim of Litro company, which was making losses and had a debt burden, to maintain that situation for a long time because it is now a profitable and debt-free company. Also, Peiris mentioned in the media meeting that more than 7-8 lakh customers who were staying away from using gas due to the high price, will again easily carry out their daily activities using litro gas due to the relaxation of the price. It is needless to say that the Litro Gas Company, which makes people’s lives easier, works under its own price policy and provides gas at an affordable price, and this relief given to the people is a gentle trickle of water to the emerging economy of Sri Lanka. For that, the gratitude of all Sri Lankan customers should go to the chairman of Litro Gas Company and the staff.
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