LP gas prices drop amid rupee appreciation

By Chaturanga Pradeep Samarawickrama

As a result of the appreciation of the rupee and a reduction in the world market prices, the major domestic gas suppliers in the country have decided to decrease their retail prices, effective last night.

This price reduction coincides with the recent decrease in fuel prices.

LPG Cluster CEO Dr. Niroshan J. Pieris announced the updated prices, stating that Laugfs Gas PLC has lowered the retail price of the 12.5-kilogramme domestic cylinder to Rs.3,840, making it the lowest gas price in the country.
As per the announcement, the new retail price for the 12.5-kilogramme domestic Laugfs gas cylinder has been set at Rs.3,840, representing a reduction of Rs.275.

The price of the five-kilogramme cylinder has been decreased by Rs.110, resulting in a new retail price of Rs.1,542. 

Litro Chairman and CEO Muditha Peiris said that the retail price of the 12.5-kilogramme domestic Litro gas cylinder has been reduced by Rs.175, bringing the new retail price to Rs.3,940.

The price of the five-kilogramme LP gas cylinder has been reduced by Rs.70, resulting in a new retail price of Rs.1,582. Additionally, the price of the 2.3-kilogramme LP gas cylinder has been reduced by Rs.32, bringing the new retail price to Rs.740.

Both chairmen announced their intention to pass on the benefits of the reduction in the world market prices to their consumers.