Cabinet approves cost-based pricing formula for domestic LP Gas
Posted by Editor on August 9, 2022 - 11:29 am
The Cabinet of Ministers has approved to implement a cost-based price formula for domestic LP Gas (Liquefied Petroleum Gas) and revise it each month.
Accordingly, domestic gas prices will be revised on the 5th of every month based on that price formula with the aim of ensuring uninterrupted domestic gas supply.
The proposal was tabled by President Ranil Wickremesinghe, in his capacity as the Minister of Finance, Economic Stability and National Policies.
Latest Headlines in Sri Lanka
- Sri Lanka’s security chiefs instructed to ensure safety during Presidential Election July 26, 2024
- Sri Lankan Prime Minister says President cannot appoint acting IGP July 26, 2024
- Bonds placed for Ranil Wickremesinghe to contest Sri Lanka’s Presidential Election July 26, 2024
- Sri Lanka announces 2024 Presidential Election date July 26, 2024
- 22% of Sri Lankan households in debt; 14.2% job losses from economic crisis July 25, 2024