Leading News from Sri Lanka::
Domestic gas prices to be reviewed tomorrow
Fri, Apr 30, 2010, 11:30 am SL Time, ColomboPage News Desk, Sri Lanka.
Apr 30, Colombo: Sri Lanka's Consumer Affairs Authority is to review the LP gas prices tomorrow in response to the requests by domestic gas companies for a price hike effective May 01.
Under the present system the gas prices are reviewed every two months. The government denied a request by the gas companies for a raise in March saying gas prices will not be raised for the next two months to relieve the burden on public during New Year season.
However, the Consumer Affairs Authority reviewed the requests by the gas companies to raise the price of a 12.5 kg gas cylinder and agreed that the request was reasonable considering the rise in global market.
Currently the price of a 12.5 kg Shell gas cylinder is Rs. 1,550 while Laugfs cylinder is sold for Rs. 1,481.
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