Monthly revision due but LPG suppliers reassure no price hike

Saturday, 5 August 2023 01:14 - - {{hitsCtrl.values.hits}}

Amidst growing concerns over potential price increases, both Litro and LAUGFS Gas companies announced to retain the current prices of domestic liquefied petroleum (LP) gas cylinders, providing a welcome relief to consumers.

State-run Litro Gas Lanka Chairman Muditha Peiris said although the company had been scheduled to announce its monthly price revision for domestic LP gas, which follows the Government’s pricing formula, it has chosen to absorb the market pressures and maintain the current prices. For four consecutive months, Litro Gas has announced price reductions this year and following last month’s price revision, the price of a 12.5kg cylinder was brought down to Rs. 2,892 and a 5kg cylinder to Rs. 1,198.

Similarly, Laugfs Gas Group CEO Niroshan J. Peiris announced its decision to refrain from raising prices despite the recent upward trend in global markets.

Laugfs prices for domestic gas cylinders will remain stable throughout the month of August as a 12.5kg gas cylinder will be sold at Rs. 3,690, while a 5kg cylinder will be available for Rs. 1,476.

The move is expected to provide stability and relief to households across the country, particularly at a time when managing household expenses remains a top concern.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.