Feb 2019: OGRA raises LPG price by Rs65 per cylinder
11.8kg cylinder of locally produced LPG will be available at Rs65.93 in February
LPG Cylinders. PHOTO:FILE
ISLAMABAD:
The Oil and Gas Regulatory Authority (Ogra) has increased the price of 11.8kg cylinder of liquefied petroleum gas (LPG) by Rs65 for February 2019.
A notification issued by Ogra read that the revised price of 11.8kg domestic cylinder would be Rs1,426.70, which was Rs1,361.70 in January.
However, contrary to the government’s notified price, LPG is being sold at exorbitant prices, indicating weak administrative control of the government. In different parts of the country, including the main urban centres, LPG is being sold at more than Rs1,950 per cylinder.
According to the notification, the producer price of LPG - propane 40% and butane 60%, the two components of LPG - has been determined at Rs63,738.16 per ton. The producer price included the excise duty of Rs85 per ton but excluded the petroleum levy. Based on the per-ton price, the producer price of 11.8kg cylinder has been calculated at Rs752.11.
Prices of petroleum products likely to be slashed by up to Rs15
Marketing and distribution margins have been set at Rs35,000 per ton and Rs413 per 11.8kg cylinder and petroleum levy at Rs4,669 per ton and Rs55.09 per cylinder.
Meanwhile, an Ogra spokesman warned that violation of government’s notified prices would be dealt with strict action.
Published in The Express Tribune, February 2nd, 2019.
The Oil and Gas Regulatory Authority (Ogra) has increased the price of 11.8kg cylinder of liquefied petroleum gas (LPG) by Rs65 for February 2019.
A notification issued by Ogra read that the revised price of 11.8kg domestic cylinder would be Rs1,426.70, which was Rs1,361.70 in January.
However, contrary to the government’s notified price, LPG is being sold at exorbitant prices, indicating weak administrative control of the government. In different parts of the country, including the main urban centres, LPG is being sold at more than Rs1,950 per cylinder.
According to the notification, the producer price of LPG - propane 40% and butane 60%, the two components of LPG - has been determined at Rs63,738.16 per ton. The producer price included the excise duty of Rs85 per ton but excluded the petroleum levy. Based on the per-ton price, the producer price of 11.8kg cylinder has been calculated at Rs752.11.
Prices of petroleum products likely to be slashed by up to Rs15
Marketing and distribution margins have been set at Rs35,000 per ton and Rs413 per 11.8kg cylinder and petroleum levy at Rs4,669 per ton and Rs55.09 per cylinder.
Meanwhile, an Ogra spokesman warned that violation of government’s notified prices would be dealt with strict action.
Published in The Express Tribune, February 2nd, 2019.