Litro Gas Lanka Limited has called a fresh LP gas tender for the year 2023 tentatively commencing from November 2022 from eligible and qualified bidders to meet the demand of domestic consumers.
The latest tender is for 280000 MTs and bidders should submit their bids on or before August 15 2022 to the Chairman of the Standing Cabinet appointed Procurement Committee, Litro Gas Lanka LTD,according to the bid document.
The online pre-bid meeting will be held on August 05 and the bidders are required to register before that date ,a senior official of the Finance Ministry said.
Litro Gas Lanka ha staken every possible action to supply LP gas filled cylinders to consumers via its network of 42 distributors, approximately 14,000 point-of-sale locations and 1,500 home delivery hubs,a company official said.
He noted that over 100,000 LP Gas Cylinders were distributed to the local market on Monday August 01.
He said the supply will continue despite inclement weather conditions, adding that the shortage has been eliminated to a greater extent.
Litro has received over 10000 MTs of LP Gas in three shipments in July and a large-sized tanker carrying 25,000 of gas is scheduled to reach the Colombo Port soon
Sri Lanka has received 3,700 metric tonnes of LP gas, the first consignment out of the 33,000 metric tonnes of LP gas ordered for the month of July, a President’s media division statement said.
This will be the final consignment out of the 33,000 metric tonnes of LP gas ordered for the month of July in accordance with the tender to procure 100,000 MT of LP gas for the next four months.
Litro Gas Lanka Ltd has placed the order to procure 100,000 metric tons of liquified petroleum (LP) gas – enough for four months – worth 90 million US dollars, 70 million of which was funded by the World Bank.
The plan is to have the large vessel pump gas into much smaller vessels and ship them to Sri Lanka, he added, noting that the initial payments for the vessels that departed Oman have already been made.
In addition, he said that with the arrival of these shipments, it will be possible to issue a sufficient number of domestic gas cylinders to meet the gas requirements of the country.
Sri Lanka has received 3,700 metric tonnes of LP gas, the first consignment out of the 33,000 metric tonnes of LP gas ordered for the month of July, a President’s media division statement said and distribution to immediately begin.
A second ship carrying 3,740 metric tonnes of gas arrived on July 11 while a third carrying 3,200 metric tonnes of gas has arrived on July 15.
A litro company official has said the gas distribution has become regular and systematic from July 12 and the problem regarding domestic LP gas demand has been solved to a greater extent by the end of last month.
He noted that six more gas shipments are scheduled to arrive on the island during the coming weeks and months .
Litro Gas calls for fresh tender to effectively tackle the LP gas shortage
LITRO Chief hints about gas price drop this week
The price of LP gas is expected to drop by more than the last time when the LITRO Gas price had increased and such a price revision will definitely be taken place on August 05, said Chairman of LITRO Gas Muditha Peiris, speaking to a special briefing yesterday (01).
“Like we said 20 days ago, more than 22 lakh domestic gas cylinders have been released to the market. So far, we have reduced the gas queues and congestion by 100 per cent. To denote something special, according to the gas prices in the global market, we definitely hope to slash the gas price by August 05. We can confirm that too. That would be a positive thing for the people. I do not wish to reveal the exact price to be reduced in Rupees right now. But let me give you a hint, we will be reducing the price by more than the amount we have increased recently. We have increased it by Rs. 50 the day before yesterday, but we will definitely reduce it by more than that. Usually, we are expecting to reduce the price by much more than that,” Peiris said.
MIAP
Holiday on Friday for public offices cancelled
The circular issued in June to keep public offices closed on Friday due to the fuel shortage will be reversed with immediate effect, as per a decision at the Cabinet meeting yesterday (01).
Accordingly, all public offices will remain open on Fridays from this week.
MIAP
SL Business Confidence continues its pessimistic sentiment
Despite the pessimistic economic forecast for the next 12 months, and the less than delightful long and short-term business outlook, a belief that change for the better is coming as the only hope for the Sri Lanka business community, a recent survey of the LMD-Nielsen revealed. .
As the energy and drive of the push on 9 July dissipated into confusion, sporadic violence and a surreal sense of déjà vu, few would argue that political stability and economic recovery are the direst of needs at this time – and that the recuperation of business confidence is dependent on these.
The LMD-NielsenIQ Business Confidence Index (BCI) reflects traction as there has been no further slippage from last month’s dismal 49 basis points.
Still a far cry from what it was just two – but seemingly eons – months ago, of The question still remains as to whether the barometer will descend to (or below) the all-time low of 31 (September 2001) when parliament was prorogued, and the country rocked by civil war and bomb blasts.
It’s almost impossible to believe that it was but a year ago that there was optimism in the air as the full force of the pandemic ebbed, and the BCI mimicked what it sees today – traction.
The index in both June and July 2021 registered 87, from whence it made a steady ascent until as recently as March this year, before it began its descent.
While The LMD-NielsenIQ Business Confidence survey can cite the economic and forex crises, and unprecedented political upheaval, for the lowly score of the barometer of biz confidence, the index is still very uncomfortably below its all-time average of 125 and too many points adrift of the 12 month average of 100.
“A shroud of darkness has come over Sri Lanka and people are at their wits end on how to survive… How long will it take for our economy to turn around is the question of the day,” remarks NielsenIQ’s Director – Consumer Insights Therica Miyanadeniya.
The nation has been on the cusp of change – but few can iterate the shape and form it will take. On the contrary, everyone is well aware that the immediate future is bleak.
As the country continues to be mired in political uncertainty, and political leaders in other more affluent and astute countries also totter and fall, the hope is that the strife of these past months will yield some respite for the people.
Moreover, Sri Lanka needs to mitigate the shortage of fuel and gas, reverse the inflation spiral, restore 24/7 power and source the bridging finance it requires until an agreement is reached with the IMF for a bailout package.
There is no denying that more than 80 percent of leaders are pessimistic about the ability of the economy to recover in the next 12 months. Neither do they envision better prospects in the year to come LMD added.
Public urged to be vigilant amidst risk of flooding
Risk alerts have been issued to many areas of the country due to the heavy precipitation, said the Disaster Mangagement Centre.
Accordingly;
Ingiriya, Palindanuwara, Walallawita and Bulathsinhala of the Kalutara District, Bulathkohupitiya, Deraniyagala, Ruwanwella, Yatiyanthota, Aranayake and Dehiowita of the Kegalle District, Ganga Ihala Koralaya and Pasbage Koralaya of the Kandy District, Pitabeddara of the Matara District, Ambagamuwa, Kothmale and Nuwara Eliya of the Nuwara Eliya District and Opanayake of the Ratnapura District have been issued risk alerts under Stage i.
Kuruwita, Eheliyagoda, Kolonna, Ayagama, Elapatha, Balangoda, Imbulpe, Godakawela, Kiriella, Kahawatta, Nivithigala, Ratnapura, Kalawana and Pelmadulla have been issued risk alerts under Stage ii.
The water levels may continue to rise in the Nilwala River basin, Kitulgala area of Kelani River and Ratnapura area of Kalu River, according to Deputy Director of the Disaster Management Centre Pradeep Kodippili.
Meanwhile, the water level of the Mahaweli River has also risen from Nawalapitiay area and the people of the nearby areas have been informed to stay vigilant.
A sluice gate has been opened in the Kukule Ganga reservoir and the sluice gates of the Lakshapana reservoir have also been opened, and the people living nearby have been informed to stay vigilant.
MIAP
Showery and windy conditions to continue
WEATHER FORECAST FOR 02 AUGUST 2022 – Issued at 05.30 a.m on 02 August2022
Showery and windy conditions is expected to be continue in the western and southern sea areas and over the southwest quarter of the island with the strengthening of Southwest Monsoon.
Showers or thundershowers will occur at times in Western, Sabaragamuwa, Central, Northern and North-Western provinces and in Galle and Matara districts. Heavy falls above 100 mm can be expected at some places in aforesaid areas.
Several spells of showers may occur in North -Central province.
Strong winds about 50 kmph can be expected at times along the western slopes of the Central hills and in the North-central, Western, North-western and Southern provinces.
Marine Weather
Showery and windy conditions is expected to be continue in the western and southern sea areas with the strengthening of Southwest Monsoon.
Condition of Rain:
Showers or thundershowers will occur at times in the sea areas off the coast extending from Puttalam to Hambantota via Colombo and Galle. Showers or thundershowers will occur at several places in other sea areas.
Winds:
Winds will be westerly to south-westerly and wind speed will be (30-40) kmph. Wind speed can increase up to (60-70) kmph in the sea areas off the coast extending from Puttalam to Pottuvil via Colombo, Galle and Hambantota. Wind speed can increase up to (50-60) kmph in the sea areas off the coast extending from Puttalam to Kankasanturai via Mannar.
State of Sea:
The sea areas off the coast extending from Puttalam to Pottuvil via Colombo, Galle and Hambantota will be very rough. The sea areas off the coast extending Puttalam to Kankasanturai via Mannar will be rough at times. The other sea areas around the island will be moderate.
There is a possibility to increase swell waves (about 3.0 – 3.5 m) in the sea areas off the coast extending from Puttalam to Pottuvil via Colombo, Galle and Hambantota.
Therefore, it is advised not to venture into fishing and naval activities in the sea areas off the coast extending from Puttalam to Pottuvil via Colombo, Galle and Hambantota until further notice
The Department of Meteorology
People paying in dollars at Airport to be given a fuel licence
The Energy Minister has agreed to issue a fuel licence to tourists, migrant workers and dual citizens who are paying in US Dollars at the Airport.
The move will be made based on a concept by Foreign Employment Minister Manusha Nanayakkara. The Energy Minister agreed to the proposal made by the Foreign Employment Minister at the Cabinet.
The Cabinet has also approved two more proposals by Nanayakkara to encourage remittances sent by Sri Lankans living overseas legally through the banking system, the Minister’s official Facebook page said.
MIAP
Committee drops bribery charges against former Minister Nimal Siripala De Silva
Former Minister Nimal Siripala De Silva has been released from the allegation of attempted bribery from a Japanese company enrolled in a construction project at the Katunayake Bandaranaike International Airport.
The three-member Committee appointed by President Ranil Wickremesinghe in this regard has dropped the charges against the former Minister.
The committee reports were handed over to the President’s Secretary and the matter was discussed at the Cabinet meeting yesterday (01).
MIAP
Cabinet approves restructuring of CEB
The Cabinet has approved the restructuring of the Ceylon Electricity Board (CEB) revealed Energy Minister Kanchana Wijesekara.
Accordingly, proposals in this regard will be formulated and tabled in Parliament for approval within a month, the Minister noted.
The CEB is known for its nature of incurring losses for many years and it is pivotal that the matter be immediately resolved amidst the economic crisis in the country.
MIAP
Cabinet grants approval to 22A
The Cabinet has approved the 22nd Amendment to the Constitution.
The 22A was presented to the Cabinet by Justice Minister Wijedasa Rajapaksa yesterday (01).
MIAP