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| Tuesday, 27 May 2003 |
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SriMal Gas at Rs.550 per cylinder from next week By Channa Kasturisinghe SriMal Gas Lanka (Pvt) Ltd, a Sri Lanka-Malaysia joint venture will distribute domestic LP Gas in a few selected areas of the country from next week at Rs.550 per cylinder as a pilot project before entering the local gas market on a mass scale, the Company's Managing Director Najmuddin Hamidi told the Daily News yesterday. He said a shipment of 2036 filled gas cylinders has already been shipped to Sri Lanka and SriMal Gas will be introduced with a new marketing concept for local consumers in a bid to assist the Government's efforts to reduce domestic gas prices through competition in the market. Najmuddin is the Financial Controller of a joint venture between Subur Lincah Sdn. Bhd. and Melela Steel Industries, two leading companies in Malaysia. His company manufactures gas cylinders and supplies them to leading gas marketers in Malaysia including Petronas, Esso Gas, Mobil, BP and Shell. The company also exports cylinders to the Philippines and Thailand. Najmuddin said SriMal Lanka will invest 100 million US dollars in Sri Lanka which would include the setting up of a storage and bottling plant. "Initially we will be importing cylinders filled with LP gas obtained from Petronas (Petroleum National Bhd) of Malaysia until the storage and bottling plant will be set up," he said. He said the company would appoint dealers islandwide giving them the opportunity to decide whether to issue empty cylinders free or not according to their relationship with the customers. The delegation during their visit also met Commerce and Consumer Affairs Minister Ravi Karunanayake. A senior Ministry official told the Daily News that the Minister requested the delegation to conduct test marketing in selected areas and to explore a consumer friendly way of marketing gas in Sri Lanka. "The Government's main intention is to provide an opportunity for consumers to buy domestic gas at the lowest possible price according to world gas prices. The Minister has identified that competition in the market would make the gas price to come down significantly," the official said. |
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