The price of 12.5kg domestic LITRO gas cylinder has been reduced by Rs. 113 from midnight today, LITRO Lanka Chairman Muditha Peiris said.
Accordingly, the new retail price of the 12.5kg gas cylinder will be Rs. 4,551.
The 5 kg gas cylinder will be reduced by Rs.45 and the 2.3 kg cylinder will be reduced by Rs.21 from tonight.
The price reduction is mainly due to the fluctuation in global gas prices, the chairman said.
The price revision took place by collective efforts taken by the Finance Ministry, Consumer Affairs Authority (CAA), the Presidential Secretariat and with LITRO Lanka Ltd., following new added features to the existing gas price formula. Earlier, price of domestic LITRO gas cylinders was reduced on August 9.