Government sources say that gas prices are expected to increase in May.
Accordingly, the price of a domestic gas cylinder will be increase by Rs. 195-200. Litro has already signed the approval of the Consumer Affairs Authority to increase the price of a domestic gas cylinder by Rs. 700 and Laugh by Rs. 650 ; Sources said.
The companies are suffering huge losses due to rising gas prices and the appreciation of the dollar. Now a domestic gas cylinder sells for Rs. 1493 in the market.
