Continuous rise in LPG prices as the new notification issued
Increase in domestic cylinder rates as the price of Liquid Petroleum Gas (LPG) has increased by Rs 13 per kilogram by the Oil and Gas Regulatory Authority (OGRA) through a notification issued on Monday (today).
Commercial cylinder prices will surge up to Rs 9,847 while domestic cylinder prices climb up to Rs 2559.53.
As per the statistics, a 53% increase was observed in the price of LPG in just the last six months. OGRA stated that prices of gas have gone up across the world which has impacted the prices in Pakistan too.
By the end of October, the LPG price was at Rs 134,000 per metric tonnes.
The new prices will be effective from November 1 (today) after the issuance of the notification by OGRA.
As per the sources, the government was preparing to increase the price of petroleum commodities from November 1. An increase in levy expected was expected too. However, the government was undecided as to whether to increase the levy from November 1 or November 16. However, Prime Minister rejected the proposal to increase the petroleum prices on November 1 (today).
Previously, Energy Minister Hammad Azhar revealed that the government is under enormous pressure to collect levy as the target for one month was reached in four months. As per the sources, the government is looking to increase at least Rs 4 in levy charges. Currently, petroleum levy is set up at 5.62 on petrol while high-speed diesel gives the government Rs 5.14 in the form of petroleum levy charges.
An increase of Rs10.49 per litre on petrol price was given approval by Prime Minister Imran Khan on October 15 which made the petrol price soar to Rs 137.79 per litre while an increase of Rs12.44 per litre was witnessed in high-speed diesel price which jacked the price to Rs134.48 per litre.