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Govt.: No Gas Price Hike

Dec 31, 2010 9:49:34 AM - thesundayleader.lk

Cooperatives and Internal Trade Minister Johnston Fernando said today (31) that domestic gas prices will not be subjected to an increase from midnight today.

However, he said the prices would not be reduced and will remain unchanged as all the taxes on gas will be removed.

According to the Minister, President Mahinda Rajapaksa had allowed the removal of taxes amounting to Rs. 195 per cylinder and the tax component per kilogram of gas Rs. 15.60.

Fernando has said the government was trying to maintain gas prices by removing taxes imposed on them.