The Consumer Affairs Authority (CAA) has summoned officials of LAUGFS Gas to provide an explanation regarding the company’s recent increase in domestic gas prices.
The Authority has instructed the company’s representatives to appear before it tomorrow (16) at 10 a.m. to present their justification for the price revision.
LAUGFS Gas increased its domestic gas prices with effect from midnight on 13 November.
Accordingly, the price of a 12.5 kg domestic gas cylinder was increased by Rs. 1,775, from Rs. 4,965 to Rs. 6,740.
Meanwhile, the price of a 5 kg domestic gas cylinder rose by Rs. 732, from Rs. 1,988 to Rs. 2,720.
Addressing a media briefing yesterday (14), LAUGFS Gas Director and Chief Executive Officer Nalinda Kurukulasuriya attributed the price increase to rising procurement costs.
He explained that prevailing international market prices, shipping charges and insurance costs had contributed to the higher cost of importing gas into Sri Lanka, prompting the company to revise its prices.
