In a move that is bound to impact on the cost of living the price of gas was increased from yesterday.
Accordingly a 12.5 kg cylinder of Shell gas will now cost Rs. 850 in Colombo, an increase of Rs. 57 and a 12.5 kg cylinder of LAUGFS gas will now cost Rs. 840, an increase of Rs. 72.
A 2.3 kg cylinder will now cost Rs. 170, an increase of Rs. 55.
The Consumer Authority has given permission for the price increase.
The Shell Gas company says the price of a metric ton of gas in the world market has risen to US$ 539.20 and therefore there was no alternative but to increase the local price of gas.