Jun 14, 2017

Litro gas price increases!

It is reported that during yesterday’s (13) Cabinet meeting it was agreed upon to increase the price of Litro gas.

The decision to increase the price of gas was taken due to the fact that as the price of gas in the agreement is going down and if they continue to sell gas at the current price in 2017, the gas company will suffer a loss of Rs. 1.1 billion, pointed out State Enterprise Development Minister Kabir Hashim.

The minister had pointed this situation out through a Cabinet paper at yesterday’s meeting.

Litro gas which monopolises the gas market with 72% of the quota earned a record profit of over Rs. 6 billion during 2015-2016.