Doubts have been raised as to whether there is a conspiracy to sell off the state-owned Litro Gas Company behind the ongoing gas cylinder explosions.
Such suspicion has arisen due to the recent reports of gas cylinder explosions in various parts of the island following changes in the chemical composition of the gas. Many doubt whether the explosions have been allowed to occur and then sell the state-owned company to the private sector.
This suspicion has arisen especially for gas dealers and has also been discussed in political circles. Earlier, Laugfs Gas had launched a strategic attempt to increase its market share. It was launched through the use of Laugfs Gas’ warehouse to store Litro gas. However, it was averted due to opposition and now there are doubts as to whether the explosions related to gas cylinders is a part of a plan to allow Laugfs Gas or another company to take over Litro Gas’ market share.
Laugfs Gas and Litro Gas have recently held several rounds of talks to form a new company with the full support of the government. But then the government had to withdraw it in the face of opposition in the country.
