Laugfs gas reduced by Rs.53
The prices of a domestic 12.5 kg Laugfs gas cylinder has been reduced
from yesterday midnight by Rs.53.
Trade, Marketing Development, Co-operatives and Consumer Services
Minister Bandula Gunawardana told the Daily News that the Consumer
Affairs Authority (CAA) has informed both Shell and Laugfs gas companies
to reduce the prices of both Laugfs and Shell gas respectively by Rs.53
and Rs.12 from yesterday midnight which is a price reduction compared to
the gas prices evaluated in March.
The new price of a domestic 12.5 kg Laugfs gas cylinder will be
Rs.1,668. Though the Shell Gas Company requested for a price increase of
Rs.324, the CAA did not permit it as relief measures for consumers.
It has increased the price of a domestic 12.5 kg gas cylinder by Rs.8
with effect from yesterday midnight. Accordingly, the new price would be
Rs.1737. Minister said that the retail price of a 12.5 kg domestic Shell
gas cylinder was Rs.1749 in March.
The new price informed by the CAA to be sold with effect from
midnight for the 12.5 kg of domestic Shell gas cylinder will be Rs.1737.
It is a Rs.12 price reduction when compared to the price in March.
“But it was a Rs.8 price increase when It compared to the gas prices
in May,” He said.
He said that the retail price of 12.5 kg of domestic Laugfs gas
cylinder was Rs.1721 in both March and May. It has reduced the price by
Rs.53 from yesterday midnight and the new price would be Rs.1668.
He said that the gas prices are being revised six times per year
following the price formula approved by the Supreme Court and the