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Gas prices down

COLOMBO: The Government brought down the prices of Laugfs and Shell gas from midnight yesterday.

The new price of a domestic gas cylinder of Laugfs and Shell will be Rs. 1,679 and Rs. 1,785.

“This is clearly passing the benefit of the decreasing world LP gas price to local consumers,” Trade and Consumer Affairs Minister Bandula Gunawardena told the media yesterday.

The Government had to increase and decrease the prices of a cylinder of gas to adjust to the price fluctuation in the world market. The blame came to the Ministry, Consumer Affairs Authority and finally to the Government.

The price of an LP gas cylinder will be adjusted by a formula. One formula has been applied to Laugfs Gas Company and another to Shell company.

Shell Gas Lanka Limited has no access to local supply, and imports its requirement of LP gas. Laugfs gas depends on local supply from Petroleum Corporation, Minister Gunawardena said.

The Government was able to cut down the prices of domestic LPG due to the significant decline of the price of oil in the world market, the Minister said.

Commenting on the melamine issue, Minister Gunawardena said our powdered milk products are not contaminated.

This has been confirmed by laboratory tests conducted in Singapore with the assistance of local importers.

The sole responsibility of conducting investigation into such issues is vested in the Health Ministry. The Consumer Affairs Authority however entertains public complaints on harmful consumer items, the Minister added.

If there is a shortage of rice during November and December, the Minister said he would import sufficient rice stock to maintain a buffer stock to stabilise the local price.

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