Not only India but the people of neighboring countries are also worried about the increase in the price of LPG. Now the price of LPG in Sri Lanka has doubled. Retail prices of LPG jumped by nearly 90 per cent on Monday following the government’s recent announcement to abolish the price cap for essential commodities here. At the same time, 14.2 kg domestic LPG cylinder in India is currently under Rs 1000.
A cylinder worth Rs 2,657
The standard domestic LPG cylinder (12.5 kg) was priced at Rs 1,400 last Friday. Now it has increased by Rs 1,257 to Rs 2,657. One kg of milk has now become costlier by Rs 250 to Rs 1,195. Similarly, the prices of other essential commodities such as wheat flour, sugar and even cement have increased significantly.
People expressed their displeasure on social media
However, the record rise in cooking gas prices created the most public outcry. People have expressed their displeasure on social media with the demand to roll back the prices. A Consumer Protection Authority spokesperson said, “The cabinet has decided to remove price controls for milk powder, wheat flour, sugar and liquefied petroleum gas. The reason behind this was the hope that this would increase the supply. Prices may go up by 37 per cent, but we expect dealers not to make unnecessary profits.
The Sri Lankan government on Thursday night decided to do away with the price cap on milk powder, gas, wheat flour and cement after a cabinet meeting chaired by President Gotabaya Rajapaksa.