A decision on increasing LP Gas cylinder prices will be taken today.
Co-Cabinet Spokesman Minister Ramesh Pathirana confirmed that Litro Gas Company has made a request to increase the prices of LP Gas cylinders.
Speaking during the weekly Cabinet media briefing in Colombo today, Minister Pathirana said the company had indicated that due to the increase in costs, it requires a price increase immediately.
He said the request has been made to ensure financial stability of the company.
Minister Ramesh Pathirana said however an approval has not been granted thus far to increase LP Gas prices.
The Minister added that reports pertaining to gas imports and other costs will be deliberated today and a decision will be announced.
Meanwhile, it is reported that Litro Gas Company will announce new LP Gas cylinder rates later today.