Litro to slash prices on Monday

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The price of a Litro domestic gas cylinder will be further reduced on Monday (5).

Litro Chairman Muditha Peiris said, the decision was taken following the reduction in prices of gas in the world market.

The new gas prices will be announced soon, he said.

Gas prices that were increased in June by a huge margin, decreased in August after the prices were reviewed according to the newly introduced price formula.

It is said that prices will be amended every month according to the price formula.

Current gas prices listed as 2.3kg cylinder at Rs 869, 5kg cylinder Rs 1,872 and 12.5kg cylinder Rs 4,664.