SriLanka, Nov. 15 -- The Consumer Affairs Authority (CAA) has summoned officials of the LAUGFS Gas to explain the recent sharp increase in domestic gas prices.

The company representatives have been asked to appear before the Authority at 10 a.m. tomorrow (16) and clarify the reasons for the price revision, the CAA said.

LAUGFS Gas increased the prices of its domestic cylinders with effect from midnight on November 13.

The price of a 12.5kg cylinder was raised by Rs. 1,775, from Rs. 4,965 to Rs. 6,740, while the price of a 5kg cylinder went up by Rs. 732, from Rs. 1,988 to Rs. 2,720.

The company attributed the increase to rising international market prices, shipping and insurance costs, which it said had increased the cost of importing...