More business for gas industry
Jan 25, 2011 7:00:00 PM - aussieindolanka.com
The local LP Gas industry will have around 35 percent growth this year with the rural market penetration.
Domestic LP Gas penetration in Sri Lanka is less than 30 percent and there is a delay in adopting to LP gas instead of firewood due to the high switching cost in moving from firewood to LP gas.
“Last year the Gas industry has increased to 20 percent whereas Laugfs Gas has had a 30 percent share in 2010. The total industry can expect around 35 percent increment and Laugfs Gas will have the same increase as the industry in 2011,” Laugfs Gas Limited Chief Financial Officer Wasantha Ranasinghe told Daily News Business.