State-run LITRO Gas has decided to revise the gas price from midnight tomorrow (05), slashing the price of a 12.5 kg domestic gas cylinder by Rs. 100 – 200, reports said.
The state-run lp gas distributor had been incurring losses in the recent past, but once again has begun to make profit since July. In August, the company has achieved a profit of Rs. 700 million.
The latest price revision will be done in consideration of the company becoming a profitable body and the declining gas prices of the global market.
Peiris ensured that the dollars emitted in this way will not be used for any purpose other than importing gas.