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By Suresh Perera
An increase in the price of Liquid Petroleum Gas (LPG) is now on the cards to offset a staggering loss of Rs. 1.5 billion per month incurred by Litro Gas Lanka in the backdrop of a spike in global pricing, which a senior industry official described as a “crippling blow”.
“We have to incur a loss of Rs. 700 on every domestic LPG cylinder sold in the market”, says Janaka Pathirathna, the company’s Director, Sales & Marketing/Corporate Affairs.
He said that the approval of the Consumer Affairs Authority (CAA) has already been sought to push up LPG prices, but there was still no formal decision on the matter.