Gas price to go up, milk powder to be reduced

The Cost of Living Committee appointed by the Cabinet on Monday recommended to increase the price of a 12.5kg domestic gas cylinder by Rs. 195.

Gas companies had made a proposal to the Committee to increase the price of the 12.5kg domestic gas cylinder to Rs. 325, considering the soaring gas prices in the world market and depreciation of the rupee against the dollar.

However, the Committee has recommended an increase of Rs. 195 after taking the proposal made by the gas companies into account. At the same time, the Committee has also recommended a reduction in the prices of milk powder by Rs. 25 per kilogram.