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The Shell Gas Company, having the monopoly in gas supply clarifies the recent price hike in industrial gas. According to Shell Gas Company Marketing Manager Radesh Daluwatte, World LPG gas rates have compelled to increase the price of Industrial bulk gas by 20% for the first time since 1997. "We have no option but to increase the price of commercial cylinders, auto LP gas sold in bulk to retailers and Industrial Bulk LP Gas when we realize that the world prices have increased by 56% in the past six months," Marketing Manager said. He further said that the price of domestic gas would not be changed in accordance with world prices. The devaluation of the Sri Lankan rupee and escalating global prices required the company to absorb as much of the costs for as long as it could to protect the consumer. However, the company has had to revise its stand to stop further losses, he added.
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