The prices of Litro domestic LP gas cylinders have been increased with effect from midnight today (10), Litro Gas Lanka announced.
Accordingly, the price of the 12.5 kg cylinder has been increased by Rs. 300 to Rs. 3,990, while the price of the 5 kg cylinder has been increased by Rs. 120 to Rs. 1,602.
Meanwhile, the price of the 2.3 kg cylinder has been increased by Rs. 56, bringing the new price to Rs. 750.
Accordingly, the revised prices for domestic LP gas cylinders in the Colombo District are as follows:
12.5 kg gas cylinder – Rs. 3,990
5 kg gas cylinder – Rs. 1,602
2.3 kg gas cylinder – Rs. 750
Meanwhile, the Ceylon Petroleum Corporation (Ceypetco) yesterday announced a significant increase in fuel prices following the rise in global fuel prices due to the Middle East conflict.
Accordingly, the price of Auto Diesel was increased by Rs. 22 to Rs. 303 per litre, while Super Diesel was increased by Rs. 24 to Rs. 353 per litre.
Petrol 92 Octane was increased by Rs. 24 and Petrol 95 Octane by Rs. 25, with the new prices set at Rs. 317 and Rs. 365 per litre respectively.
The price of a litre of kerosene was also increased by Rs. 13 to Rs. 195.
Lanka IOC has also revised its fuel prices in line with the new Ceypetco rates.
The revised fuel prices are as follows:
Auto Diesel – Rs. 303 (increased by Rs. 22)
Super Diesel – Rs. 353 (increased by Rs. 24)
Petrol 92 Octane – Rs. 317 (increased by Rs. 24)
Petrol 95 Octane – Rs. 365 (increased by Rs. 25)
Kerosene – Rs. 195 (increased by Rs. 13)
Speaking on the “Ada Derana Big Focus” programme, Professor Priyanga Dunusinghe of the Department of Economics at the University of Colombo said the government should take prompt steps to prepare for further increases in domestic fuel prices in line with global trends.
He noted that global crude oil prices have risen sharply, with Brent crude increasing from around US$ 92–93 per barrel last Friday to approximately US$ 115 per barrel when markets opened on Monday.
According to Prof. Dunusinghe, the rise in global oil prices is likely to lead to higher prices for petrol, diesel and gas, while also increasing electricity generation costs, particularly where fuel is used for power production.
