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Gas prices likely to be increased soon

2 February 2012 01:20 am - 14     - {{hitsCtrl.values.hits}}

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Gas prices are likely to be increased soon with the two main gas companies requesting for a price increase in the wake of a sharp rise in world market prices of liquid petroleum gas.

A Trade and Consumer Affairs Ministry spokesman said a request for an increase was made some time back but a final decision was yet to be made.
However Consumer Affairs Authority Chairman Rumi Marsook ruled out an immediate price increase but it is learnt that talks are being held between the officials of the Trade Ministry and the Consumer Affairs Authority.

Industry sources said world prices had increased to US$1031 for a tonne of LPG from the earlier price of US$680 a tonne. The Middle Eastern crisis is said to be the reason for the increase in world market prices.

Domestic gas prices are revised every two months. Gas prices were last raised in August last year. At present the price of a 12.5 kg cylinder is Rs.2046. (Yohan Perera)

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  Comments - 14

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  • Nodrog Thursday, 02 February 2012 11:34 AM

    we should be using FIFO as according to my knowledge LIFO is used only in the US?

    bushel Thursday, 02 February 2012 12:56 PM

    With a sense of responsibility I am saying this is a cospiracy of western powers! ( common

    gamage Thursday, 02 February 2012 01:53 AM

    what about the liquid gas recovered in the north mannar basin no body talks about it now as some talks were going on is it to bluff the people and now to say the prices in the world market for lpg is going up and it shows that the prices of gas will be increasd in the future ?

    sunilk Thursday, 02 February 2012 02:24 AM

    This prIce hike will not be felt by many....Because our per capita income is very high !( according to the chief of CBSL)

    Gaseous Thursday, 02 February 2012 02:31 AM

    Gas, what a business?. Why can't we tap the gasses freely emitted on stages, media and by pundits?.

    Achari Thursday, 02 February 2012 02:35 AM

    To see using electricity is much more cheaper than Gas.So start using electricity so that they will reduce the price.

    fazli Thursday, 02 February 2012 03:27 AM

    Lets start collecting fire wood.

    Krishna Thursday, 02 February 2012 03:37 AM

    Good go back to Fair wood

    weha Thursday, 02 February 2012 03:39 AM

    Well everything is going to go up this year and nothing is going to come down, why?
    because this year there aren't going to be any elections.

    Nodrog Thursday, 02 February 2012 05:11 AM

    what about the stocks bought at the old lower price? Will this also be sold at the new higher price?

    Susantha Thursday, 02 February 2012 06:40 AM

    What about the statements made by politicians before ending the war, Reason for prices hike is the war and once war is finished prices would come down. Some of the people can be fooled forever.

    fazli Thursday, 02 February 2012 06:40 AM

    @ NODROG. The pricing policy is simpe.
    Apply LIFO if price to come down and FIFO
    if goes up.

    Lanka Thursday, 02 February 2012 06:42 AM

    In a way SL is lucky that consumers pays the subsidized rate unlike other countries. If we had to pay the direct price most of the people wont be able to drive their own vehicle.

    Shihan Thursday, 02 February 2012 07:44 AM

    the salary increase of CEB,CEPCO, have to cover from this only.:-),goverment cant stay for long time when they go like this.


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