Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase.
“We had a discussion yesterday, and we asked Laugfs to come back with a more reasonable and more moderate amount to increase,” Chairman of the CAA, Dr. M. Muhseen said.
The company had earlier asked for a Rs.
102 increase on a domestic cylinder, Laugfs Chairman W.K.H Wegapitiya said, and was turned down by the CAA.
Laugfs last raised prices by Rs. 70 in September to tide over soaring global prices, increasing the cost of its domestic cylinder to Rs.
Meanwhile, Shell Gas has also asked for an increase to the tune of about Rs. 40 on a cylinder, though any increase, if at all, will take a month to process.
Shell currently sells gas at about Rs. 790 a cylinder, but has warned that world prices on the way up will almost certainly see price hikes in the near future.
Already world Liquid Petroleum Gas (LPG) prices for October are aver