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Gas price hike likely: Gas companies

24 February 2021 02:16 pm - 9     - {{hitsCtrl.values.hits}}

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The Gas companies have requested the Consumer Affairs  Authority (CAA) to increase the price of a 12.5Kg domestic gas cylinder considering the price increase in the world market, foreign exchange and other cost factors, LAUFGS Group Chairman W.K.H Wegapitiya said.

He said requests in this regard have been made to the CAA since last October. 

The President, President's Secretary, Tade Minister had been informed of this and several rounds of discussions too were held with CAA during the past four months, he said.

"The fuel price and the price of gas had gone up in the world market quite unexpectedly.

Therefore, we have to sell every domestic gas cylinder bearing a huge loss," he said.

"There was no price hike in domestic gas cylinders during the past six years. Therefore the two prime local gas companies are now facing a colossal loss," Mr. Wegapitiya said.

We hope the Government would provide a favourable response to these requests this week, Mr. Wegapitiya added. (Chaturanga Samarawickrama)

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  Comments - 9

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  • Basil.Mark Wednesday, 24 February 2021 02:44 PM

    What about the huge profits made while the petoleum prices were very low?

    Senior citizen Wednesday, 24 February 2021 02:49 PM

    Same old story..... what about increasing interest rates ?

    Chandi Putha Wednesday, 24 February 2021 03:39 PM

    Mr. Minister what did you promise couple of weeks ago and what is happening. Keep up your word.... please stop this increase of price.

    GLP Wednesday, 24 February 2021 03:41 PM

    Cannot increase as they want, it has to be informed and discussed with the ministry and the relevant minister. What a joke.

    Angry Lawrance Wednesday, 24 February 2021 03:42 PM

    Are you guys Joking. Don't play games with the public.

    GGT Thursday, 25 February 2021 12:52 AM

    Laufgs came to the market criticizing the then Shell Gas, now Litro Gas, as MONOPOLY that hikes rates exorbitantly without any recommendation of circulatory-body. Right now, Laufgs seems a main thread-puller of price hike and help crushing the GENERAL PUBLIC inducing LITRO GAS.

    JD Kumara Thursday, 25 February 2021 04:44 AM

    Relevant Minister is weak..... promised something and now?

    Yoda Thursday, 25 February 2021 06:48 AM

    Ohoma yang, ohoma yang!!!

    Hurulla Thursday, 25 February 2021 06:50 AM

    Then what is this bullshit that idiot Gammampila mumbles. Isn't gas also a fuel?


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