ISLAMABAD (9 News) – The Oil and Gas Regulatory Authority (OGRA) on Friday decreased the local Liquefied Petroleum Gas (LPG) prices by Rs181 per 11.8-kg cylinder for the month of June.
According to the notification issued by the OGRA, the authority has decreased the locally produced LPG price by Rs 181 per cylinder of 11.8 kilogram.
After the revised prices, the cylinder would be sold in open market at Rs 1,399.39, which was available for Rs 1,580.14 during the month of May.
However, per Metric Ton (MT) LPG rate has been fixed at Rs 118,592.36for the month of June. The commodity sale price for per MT was Rs 133,910.89during the month of May.
A day earlier, the OGRA has recommended to increase in the prices of petroleum products ahead of Eidul Fitr.
According to the details garnered, OGRA has asserted that the prices of petrol should be increased by Rs9 to reach Rs116.53 per liter.
The proposal includes the price of high speed diesel (HSD) by Rs8.99, taking the new price to Rs131.31 per liter. The new price of kerosene may be increased by Rs1.69, taking the proposed price to Rs98.46.
Similarly, price for light diesel oil (LDO) is likely to increase by Rs1.68, thereby taking the new price to Rs88.62 per liter.
The impact of rupee depreciation against the dollar is said to be incorporated in HSD and petrol prices, while the remaining increases would be made due to the rise in crude oil rates.
The federal government will take the final decision for increase in the prices after consultation with Prime Minister Imran Khan