Litro slashes LP gas cylinder prices
May 3, 2023 01:22 pm
Litro Gas Lanka, one of the country’s two leading suppliers of domestic Liquefied Petroleum (LP) gas, has decided to slash the prices of its products.
The price reduction, made as per the pricing formula, will be effective from midnight today (May 03), according to Litro chairman and CEO Muditha Peiris.
Revised prices are as follows:
• 12.5kg cylinder – Rs. 3,638 (reduced by Rs. 100)
• 5kg cylinder – Rs. 1,462 (reduced by Rs. 40)
• 2.3kg cylinder – Rs. 681 (reduced by Rs. 19)
Meanwhile, LAUGFS Gas PLC, the other leading LP gas supplier in the country, says the prices of its products remain unchanged despite the price hike in the global market.
In a statement, the company said the prices of LP gas went up in the global market due to several factors including the rising demand for energy, supply chain disruptions and geopolitical tensions.
These factors have resulted in a sharp increase in the cost of production and logistics of LP gas, which has impacted the prices of LP gas across the world, LAUGFS Gas PLC said further.
“Despite these challenges, LAUGFS Gas remains committed to providing our customers with safe, reliable, and high-quality LP Gas at a reasonable price. We have made significant investments in our infrastructure and supply chain to ensure that we can continue to meet the growing demand for LP Gas in Sri Lanka. This was a strategic decision taken to ensure the longevity of our business, as well as to support our community and our partner network who have been with us throughout our journey.”
