By Pamodi WaravitaThe Treasury Department’s newly formed and controversial special purpose vehicle (SPV), gas company Siyolit (Pvt.) Siyolit (Pvt.) Ltd. was set to impact the State-run Litro Gas Lanka Ltd. negatively whilst boosting the prospects of privately-owned Laugfs Gas PLC by making Litro heavily reliant on Laugfs for its operations. High-level officials earlier told The Morning that they feared the SPV would leave Litro Gas “at the mercy” of the latter. “Interested parties have called to question the intentions and integrity of recently formed liquefied petroleum gas (LPG)-buying firm Siyolit (Pvt.)

Source: The Nation September 26, 2021 20:02 UTC