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On January 8, Shell Gas Lanka Limited (SGLL) received an order from the Fair Trading Commission (FTC) requesting the company to pass on "potential interest income" in the amount of Rs. 45 per 12.5kg cylinder to consumers by January 15. The company immediately sought legal advice on the order and its implications, a statement from SGLL said.

Following the advice of their legal counsel, Shell Gas Lanka has filed an appeal based on the company's legal right of appeal against the order of the FTC. The company will now await the outcome of this appeal before any further action is taken on the order.

In the meantime, Shell wishes to inform the public that it has voluntarily kept its domestic LPG price well below the maximum allowed under the pricing mechanism agreed with the Ministry of Commerce.

The full price based on current high global prices should have been pegged at Rs. 666 per cylinder, but Shell has kept its price Rs. 68 below this amount in order to cushion the impact of the soaring international prices on consumers, the statement said.

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