LP Gas prices to be reduced from Saturday [October 29 2008]

The prices of LP Gas will be reduced from Saturday (1). The Government has decided to pass the benefit of declining LP Gas prices in international markets and accordingly, the price of domestic LP Gas cylinders will be reduced with effect from November 1.

The Consumer Affairs Authority, which decides the prices of domestic gas cylinders, will meet on Friday to finalise the new LP Gas prices. An official said the Government is making every effort to pass the benefit of international price reduction to local consumers and that the price of a domestic LP gas cylinder would be reduced by a considerable amount.