LAUGFS Holdings Ltd. predicts consumers will be able to enjoy reduced domestic cylinder prices from March or April this year. The company announced a price hike of Rs.212 last week bringing the price of LAUGFS’ 12.5 kg domestic LPG cylinder to Rs.1460. This price revision was possible after a lengthy legal tussle with the Consumer Affairs Authority (CAA) ended with both parties recognizing a pricing formula which will enable the company to adjust its domestic prices according to world crude oil prices. …
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