Gas now Rs.1749

By Nirmala Kannangara

The government on Friday approved the increase of gas prices for Shell and Laugfs by Rs.261 and Rs.336 respectively.

Subsequent to the applications made by the Shell Gas Company and Laugfs Holdings Limited for a price hike on par with the pricing formula, the Consumer Affairs Authority (CAA) on Friday approved the price increase, which came into affect from yesterday (March 1).

Chairman CAA, Rumy Marzook told The Sunday Leader Friday that the CAA allowed the Shell domestic gas cylinder to be increased by Rs.261 and the Laugfs cylinder by Rs.336.

Accordingly the shell was allowed to increase from Rs.1488 to Rs. 1749 while Laugfs was allowed to go up from Rs. 1495 to Rs.1831 with effect from yesterday.

However highly placed sources from the Laugfs Holdings Limited told The Sunday Leader that although the Laugfs was allowed to increase the gas prices up to Rs. 1831 they did not increase the allowed price but only in par with Shell gas cylinder.