LAUGFS Gas PLC has also decided not to revise the prices of domestic LP gas cylinders in the month of February, mirroring Litro Gas Lanka’s move.
The current prices are as follows:
12.5kg cylinder - Rs. 4,740
5kg cylinder - Rs. 1,900
The announcement comes hours after Litro Gas Lanka revealed its decision to not amend the prices this month according to the pricing formula.
Addressing a special media briefing this morning (Feb.02), Litro Chairman Muditha Peiris said the decision was reached after taking into account the financial difficulties facing the members of the public. Although the domestic gas cylinder prices should ideally be increased in line with the price hikes in the global market, Mr. Peiris said the company decided to bear the greater share of the loss incurred on account of non-revision of rates.
After the price hike announced in January, Litro’s domestic gas prices now stand at the following rates:
12.5kg cylinder - Rs. 4,250
5kg cylinder - Rs. 1,707
2.3 kg cylinder - Rs. 795
