Gas price: New formula to be introduced.
Minister of Trade Nalin Fernando has announced that steps are being taken to implement a price formula to regulate the prices of Liquefied Petroleum (LP) gas sold by both Laugfs and Litro Gas Lanka.
During his statement, Fernando pointed out that Laugfs gas prices are currently higher than those of Litro in the market.
Following discussions with Laugfs officials, they have committed to reaching an agreement on a price revision within the upcoming week. As a result, a price formula will be established in the future to govern the pricing of LP gas from the company.
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