LPG Gas Price to be Increased?

Litro Gas authorities had discussion with the Consumer Affairs Authority over a proposed price revision based on the price application.  Litro Gas Sales and Marketing Director Chaminda Edriwickrema said that they want to do price applications every two months, based on several variable components which need to be considered, including invariables such as world price and exchange rate.

He further said that on n the first of every month, the world market price is decided by authorities like Saudi Aramco and is changed. In our case, we have a mechanism agreed upon with the CAA and the Treasury where we can do price application every two months only, he said.

He added that the company was in discussion with the CAA on the price revision based on the price applications which they had submitted for February and March. Earlier this year, the CAA allowed the country’s LP gas suppliers, Litro and Laugfs, to raise the price of a 12.5 kg gas cylinder.

Accordingly the price of a 12.5 kg LP gas cylinder was increased by Rs. 110 bringing the new price to Rs.1, 431. The decision to increase the prices was approved by the Cabinet.