Sri Lanka, Nov. 14 -- Rejecting allegations levelled against the government by the opposition regarding the increase in Laugfs gas prices, the price hike is due to existing financial and tax issues within the company, Minister of Industry and Entrepreneurship Development Sunil Handunneththi stated.

Speaking in Parliament today (14), the Minister noted that nearly 90 per cent of the country's gas market is supplied by the state-owned Litro Gas company.

He pointed out that while Litro Gas fills and releases around two million gas cylinders to the market monthly, Laugfs releases only about 300,000 gas cylinders per month.

Accordingly, the Minister emphasised that the price increase applies only to the Laugfs gas cylinders belonging to the...