The Consumer Affairs Authority (CAA) has summoned officials of LAUGFS Gas to explain the recent sharp increase in domestic gas prices.
The Authority said the company representatives have been instructed to appear before it at 10.00 a.m. tomorrow (November 16) and provide explanations regarding the price revision.
LAUGFS Gas increased the prices of its domestic gas cylinders with effect from midnight on November 13.
Accordingly, the price of a 12.5kg domestic gas cylinder was increased by Rs. 1,775, from Rs. 4,965 to Rs. 6,740.
Meanwhile, the price of a 5kg cylinder was increased by Rs. 732, from Rs. 1,988 to Rs. 2,720.
The company attributed the price revision to rising international market prices and increased shipping and insurance costs, which it said had raised the cost of procuring bulk gas supplies for Sri Lanka.
The CAA has summoned the company officials to seek clarification regarding the reasons for the increase. (Newswire)