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* LP gas companies in Sri Lanka seek price hike
Sat, Dec 7, 2013, 11:08 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 07, Colombo: The two LP Gas suppliers in Sri Lanka have sought permission from the Consumer Affairs Authority to raise prices of LP gas.

The state-owned Litro and private firm Laugfs have submitted requests to increase the price of a 12.5 kg gas cylinder by 700 rupees.

The request for the price increase has been forwarded to the Price Revision Committee of the CAA, the Director General of the CAA J. M. U. Douglas said.

The two suppliers had said that the global price of LP gas rises during the winter months and accordingly, cost of importing gas cylinders increase during this period, according to local media.

Under the essential commodities regulations of the country, the gas retailers need the permission of the Consumer Affairs Authority for a price increase.

Sri Lanka consumer authority reviews and revises the LP gas prices biannualy.

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