Request Made to Increase Gas Prices But No Decision Taken Yet: Minister Rishad

Addressing the media at the ministry yesterday Minister of Industry and Commerce  Rishad Bathiudeen said, several requests had been made to the Ministry by the two main gas companies (Litro and Laugfs) for immediate price increase. However, no decision has been taken to increase the price of domestic gas by the government.

Meanwhile, rumours are spreading in websites about the gas price hike by Rs.300 per domestic cylinder and no truth in it, he added.

Further, he said the Ministry cannot approve any sudden price increase for domestic gas. The gas had become an essential consumer item and therefore the government had decided not to increase the prices despite the fluctuation of the world market price.. During the earlier cabinet meeting it had been decided to formulate a common price formula for gas.

When a request for revision of gas is made to the Consumer Affairs authority, coming under the Ministry, it has go through the normal procedure of cross checking facts and figures given in the request  to enable authorities to make their recommendation, which has to be finally approved by the cost of living committee and the cabinet of Ministers , he concluded.