Sri Lanka's Supreme Court has issued an injunction preventing the government-owned Ceylon Petroleum Corporation from selling liquefied petroleum gas (LPG) to the multinational corporation Shell. The ruling is in response to a petition filed by Laugfs Gas Pvt Ltd--a domestic oil company. Laugfs argued that if the corporation-produced LPG is sold to Shell, a monopoly will be created in the country.
The court also ordered the minister of petroleum resources and the chairman of the Ceylon Petroleum Corporation Ashantha de Mel to extend the agreement with Laugfs Gas to supply it with LPG. The agreement with Laugfs Gas is to expire on January 20, 2008.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
.png)
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.