CAA refutes claims on plans to increase gas prices
May 22, 2020 10:34 am
The Consumer Affairs Authority (CAA) has refuted claims that the price of a gas cylinder is to be hiked.
Speculations were rife in social media that the price of a gas cylinder will be moved up by nearly Rs. 200, however, issuing a clarification on the matter, the CAA has affirmed that such a price hike would not take place.
The CAA went on to note that none of the gas companies has sought an increase in the price of a gas cylinder.
In the meantime, Minister Mahinda Amaraweera has stated that the allegations levelled at the government by certain parties with regard to the recent price hike of 92 Octane Petrol by the Lanka IOC are baseless.
As per the agreement reached in 2003 with then-government, Lanka IOC does not need to seek the permission of the subject minister to increase fuel prices, he has explained.
Under these circumstances, the Ministry of Power and Energy had not interfered in the recent fuel price hike made by the IOC, Minister Amaraweera said further.