COLOMBO (NewsRadio); Prices of Litro domestic gas cylinders will be reduced from midnight on Wednesday (5).
Chairman of Litro Gas Muditha Peiris said prices will be revised based on the pricing formula introduced by the government.
During the last month’s revision, the price of a 12.5kg cylinder in Colombo was reduced by Rs.113 to Rs.4,551.
Meanwhile, the price of a 5kg cylinder was reduced by Rs.45 to Rs.1,827 and a 2.3kg cylinder was reduced by Rs.21 to Rs.848.
Litro Chairman Muditha Peiris said the decision to reduce prices has been taken following the reduction in prices in the world market.
In addition to the price reduction, the government has also managed to solve the LP gas shortage which was prevalent earlier in the year.