Ogra Reduces LPG Prices by Rs 11.8 Per Kg
Staff Report
The Oil and Gas Regulatory Authority (OGRA) has notified a decrease in the price of Liquefied Petroleum Gas (LPG) by Rs 11.88 per kilogram for May.
According to the OGRA notification issued on Tuesday, the LPG price has decreased by Rs 11.88 per kilogram and is fixed at Rs 238.46/KG. The new prices will become effective from May 1, 2024.
Following the decision to cut LPG price, the price of a domestic cylinder has witnessed a decrease of Rs 140 and a commercial cylinder by Rs 539.
In April, the LPG price was fixed at Rs 250/KG domestic cylinders were available at Rs 2954 and commercial cylinders were available in the open market at Rs 11366.
However, the domestic cylinder would now be available at Rs 2814 and the commercial cylinder would be available at Rs 10826.LPG Import Scam: FIA Probes SSGC Management and Officials
Ogra in a statement said that the LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate.
As compared to the previous month Saudi Aramco-CP has decreased by 5.6%.
The average Dollar exchange rate has also gone down by 0.18% resulting in to decrease in LPG consumer price by Rs.140.18/11.8 kg cylinder (4.74%). The per Kg decrease in LPG consumer price is Rs. 11.88.
