Litro Gas Lanka has held domestic LPG prices flat for the month of June, despite higher global gas prices and continuing rupee depreciation, the state-owned supplier said in its monthly revision.
The 12.5 kg cylinder remains at Rs. 4,765 in the Colombo District, the 5 kg at Rs. 1,910 and the 2.3 kg at Rs. 890 — the same levels that have held since April after Litro kept the May revision flat and signalled the June formula filing earlier this week.
The company said the decision was taken to provide relief to consumers. “Disciplined cost management measures, continuous sales growth, and strong profitability from other business segments have enabled the company to build sufficient financial stability to offset cost pressures,” it said in a statement carried by Ada Derana. Newswire reported the same Colombo District price card and decision.
The hold lands in a sharply more expensive energy environment than the May review. The rupee has fallen to Rs.342 against the US dollar at the official rate and Rs.345 in the unofficial market, with the USD selling rate having crossed Rs.340 in commercial banks this morning. The CPC also lifted retail petrol, diesel and kerosene prices from midnight on May 30, citing Middle East-driven crude cost pressure.
Litro imports the bulk of its LPG in dollars from international suppliers and lands it at Hambantota, leaving the company directly exposed to both LPG benchmark moves and rupee weakness. By choosing to absorb those pressures internally for a second straight month, the state supplier is taking on the cost of price stability rather than passing it through to households ahead of mid-year domestic demand peaks.
Private rival Laugfs Gas PLC issued a parallel announcement later on Friday saying it too would hold domestic LPG prices unchanged for June, keeping the 12.5 kg cylinder at Rs. 6,245 and the 5 kg cylinder at Rs. 2,500 in the Colombo District. Laugfs cited “geopolitical uncertainties, fluctuations in international commodity prices, supply chain disruptions, elevated freight costs, and rupee devaluation” as the global pressures it had chosen to absorb through optimised supply chain and operational efficiencies, “without passing the burden on to domestic consumers at this time.” The aligned June hold by both Litro and Laugfs lands as the Rs. 1,480 cylinder gap between the two suppliers remains the widest in recent memory.
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