State Minister of Consumer Protection Lasantha Alagiyawanna says they will be compelled to increase prices of domestic gas cylinders in the near future.
Speaking in Parliament today, State Minister Alagiyawanna noted since the prices have rapidly increased in the global market, they will have to revise local prices.
The State Minister said at present a tonne is sold at US $800 and it is bound to increase in the next few months.
State Minister Alagiyawanna said they have no control over gas prices in the international market.
He was responding to a question raised by Leader of the National Peoples Power Parliamentarian Anura Kumara Dissanayake.
State Minister Alagiyawanna also noted that they have been forced to suspend the move to establish a company named Ceolit to procure and supply domestic gas in the country.
He said the company was to be established with a director board consisting of three representatives from Laugfs Gas PLC and six nominees of the government.
State Minister Alagiyawanna said they proposed to establish the company in a bid to supply domestic gas at cheaper rates to consumers.
He however said the entire director board resigned and he is not certain whether the move will come to fruition any time soon.
State Minister Alagiyawanna said all factions in Parliament should also support the initiative to establish the company as it will reduce the cost and supply of domestic gas for citizens.