OGRA raises LPG prices by Rs12 per kg

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has increased the prices of liquefied petroleum gas (LPG) by Rs12 per kg, ARY News reported on Tuesday.

According to a notification issued by Ogra, the price of liquefied petroleum gas (LPG) was increased by Rs60 per kg to Rs278 per kg.

Meanwhile, the domestic cylinder rate has been increased by Rs136 and that of commercial cylinder by Rs525. The new rates of LPG with increased prices will be Rs3,141 per domestic cylinder and Rs12,086 for commercial cylinders.

Earlier in February, the OGRA notified an increase in LPG prices and hiked the sales tax on the domestic cylinder.

The authority hiked Rs27 on the domestic cylinder and the sales tax was increased from 17% to 18%. After hiking the sales tax, the price was increased to Rs3.21 per kilogram.

Petrol price hike

The federal government jacked up the price of petrol by Rs22.20 per litre in a bid to appease the International Monetary Fund (IMF) for reviving $7 billion Extended Fund Facility (EFF).

The rate of petrol was increased to Rs272.00 per litre from Rs249.80 per litre. The new prices will come into effect from 12am tonight, a press release from the Finance Division read.

The statement said that the price of petrol was increased to Rs272 per litre after an increase of Rs22, pointing out that the surge has taken place due to the rupee’s devaluation against the dollar.

Meanwhile, the price of high-speed diesel (HSD) has been increased by Rs17.20 per litre to Rs280.00. The price of kerosene has been increased by Rs12.30, after which the new price of kerosene oil has become Rs202.73 per litre. Similarly, the price of light diesel has been increased by Rs9.68 to Rs196.68 per litre.