Laugfs Gas PLC, one of the two liquefied petroleum gas (LPG) suppliers in Sri Lanka, announced a staggering hike in the rates of its products yesterday (20), with the price of a 12.5-kilogramme (kg) domestic LPG cylinder becoming Rs. 4,199, the price of a 5 kg cylinder Rs. 1,680, and the price of a 2 kg cylinder Rs. 672.
Speaking to Ada Derana in this regard, a spokesperson of the Consumer Affairs Authority (CAA) said LPG companies are allowed to revise the prices at their discretion after the price control on LPG was lifted.
Accordingly, the prices of domestic LPG cylinders issued to the market are decided by the companies, the spokesperson added.
Laugfs Gas has a market share of approximately 20% of the LPG market while the state-owned Litro has the remaining approximately 80%.
Laugfs increases prices significantly
21 Mar 2022
Laugfs increases prices significantly
21 Mar 2022
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