Muditha Peiris, Chairman of the state-run Litro Gas Ltd. says a reduction of LP gas prices by August 5 is likely. 

According to him, the reduction will be far greater than the recent increase of Rs. 50 and will be done according to the price revision formula. 

Currently, a 12.5kg cylinder is sold at 4,910 rupees, 5kg at 1,971 rupees and 2.3 kg at 914 rupees.

Litro Gas has begun an initiative to donate a LPG cylinder, an accessory pack and a double burner cooker to 98 families affected by the Meethotamulla disaster. The initial donation to 30 families was held at the Laksanda Sevena Housing Complex in Salamulla, Kollonnawa at 10 a.m. this morning.