Sri Lanka, Feb. 7 -- LAUGFS Gas PLC has decided to increase the prices of its domestic liquefied petroleum (LP) gas cylinders, effective from midnight on 06 February. The price revision is reportedly based on the pricing formula that accounts for fluctuations in the global market.

Under the new price structure, the cost of a 12.5 kg domestic cylinder will increase by Rs. 80 rupees, raising the price from Rs. 4,250 to Rs. 4,330. Additionally, the price of a 5 kg cylinder has been increased by Rs. 32, bringing its new price to Rs. 1,742.

The company stated that this adjustment was necessary to reflect the recent changes in international gas prices.

Meanwhile, the state-owned Litro Gas Lanka is expected to announce its own price revision ...