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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Gas prices up from midnight

Gas prices up from midnight

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1Gas prices up from midnight Empty Gas prices up from midnight Sat Jan 05, 2013 11:46 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
By Rukshana Rizwie

The price of a 12.5 kilo Liquefied Petroleum Gas (LPG) cylinder will be increased by Rs. 150 from midnight tonight, the Trade Ministry announced a short while ago. The decision to increase the price of both Litro and Laugfs gas cylinders was taken owing to the increase in cost of buying gas, according to LP Gas companies.

“We’ve been asking for this increase for the past four months,” said Laugfs Chairman W. K. H. Wegapitiya.

“We have a pricing formula in place and when the cost of buying gas for us goes up the cost of selling it has to increase accordingly”, he added.

Sri Lanka’s LP Gas market is split between the state run Litro Gas Lanka and privately-owned Laugfs Gas PLC. Both companies submitted fresh applications for a price revision a few months ago to be reviewed by the Consumer Affairs Price Committee.
http://www.nation.lk/edition/breaking-news/item/14363-gas-prices-up-from-midnight.html

2Gas prices up from midnight Empty Re: Gas prices up from midnight Sun Jan 06, 2013 8:35 am

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
බඩුවල ගණන් වැඩිකරලා, වෙඩි තියලා කරන්නේ එකම දේ තමා ඉතිං Shocked



Last edited by Kithsiri on Sun Jan 06, 2013 8:38 am; edited 1 time in total (Reason for editing : ??????)

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