Following the reduction, the price of domestic cylinder will witnessed the cut of Rs 300 while commercial cylinder will be declined by Rs. 1200.
The decision was taken after Oil and Gas Regulatory Authority (OGRA) has caught 19 leading marketing companies of the country involved in black marketing and illegal profiteering. OGRA has also canceled the license of several companies and imposed fine.
Earlier, LPG Distributors Association of Pakistan had given a warning to suspend LPG supply from Khyber to Karachi if price wasn’t reduced.