OGRA Reduces LPG Price By Rs 154.48 Per 11.8-kg Cylinder

Oil and Gas Regulatory Authority (OGRA) on Tuesday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of June, decreasing the commodity price by Rs154.48 per 11.8-kilogram cylinder

ISLAMABAD, (UrduPoint / Pakistan Point News - 31st May, 2022 ) :Oil and Gas Regulatory Authority (OGRA) on Tuesday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of June, decreasing the commodity price by Rs154.48 per 11.8-kilogram cylinder.

According to the notification, the authority reduced the locally produced LPG price by Rs13.09 per kilogram.

After the revised price, the LPG cylinder would be sold in the open market at Rs2,581.35 In June, which was available at Rs2,735.83 in May.

Whereas, the per Metric Ton (MT) LPG rate has been fixed at Rs218,758.85 for June. The commodity sale price per MT was Rs 231,850.07 in May. The new price would be effective from June 1.

It is the second consecutive reduction in the LPG price as on April 30, the authority had brought down the commodity rate by Rs 15.

27 per kilogram that was effective from May 1.

Meanwhile, the LPG Industries Association (LPGIA) appreciated the government for such a significant reduction in the commodity price.

LPGIA chairman Irfan Khokhar, in a news release, said the current government believed in giving maximum relief to the masses and suggested that the LPG price could be further brought down with certain corrective measures.

He suggested fixing/freezing the LPG producer base price at Rs 40.000 per metric ton, increasing the local production and restarting Asia's biggest plant, operated under Jamshoro Joint Venture Limited (JJVL), which was closed for the last two years.