Litro Gas Lanka, Sri Lanka’s national LPG provider that generated over Rs 500 million in profits prior to 2019, seeks to clarify vague concerns raised about the salary structure of its staff, says Chairman and CEO of Litro Gas Lanka, Muditha Peiris.
The Company has been severely impacted by rising global LPG prices, foreign currency fluctuations and not increasing prices of LPG in Sri Lanka in keeping with changing international rates of LPG. The once robust entity that consistently performed as a leading SOE with growth potential, has been incurring losses recently, having passed on the cost benefit to the consumers for a considerable period of time, said Peiris.
As a fully owned subsidiary of The Sri Lanka Insurance Corporation, Litro Gas Lanka has been a major contributor towards the Treasury coffers since inception. The Company is built on a model of efficiency and professionalism and has inculcated in its staff ethics of efficiency, effectiveness andbeing result oriented, factors that have played a major role in its success.
The Company spends less than 2% of its annual turn over on salaries for its less than 200 member staff.
Many on the Litro Gas Lanka team have continued their career from Lanka Gas Co and Royal Shell Gas and have been serving for well over 20 years.