The Oil and Gas Regulatory Authority (Ogra) on Thursday made a substantial reduction of Rs37.13 per kg in the price of liquefied petroleum gas (LPG) with effect from June 1, 2023.
It slashed the price of 11.8kg domestic LPG cylinder by Rs438.22, or Rs37.13 per kg. In its monthly review, the regulator fixed the price of domestic cylinder at Rs2,321.67, which was lower than Rs2,759.89 in the previous month of May.
The reduction has also been made in the per-ton price of LPG for June. Its new price is Rs196,752.04 per ton, down by Rs37,136.80 as compared to the price of Rs233,888 per ton in May. Consumers will be paying Rs55.09 in petroleum levy and Rs279.81 in general sales tax on the purchase of a domestic LPG cylinder.
For LPG producers, the price is Rs155,452.04 per ton for June, which is lower than Rs192,588.84 per ton in May.
“The price of imported and local LPG has been fixed at Rs197 per kg across the country,” LPG Association Chairman Irfan Khokhar said.
He pointed out that the price of domestic cylinder had been reduced by Rs438 while the price of commercial cylinder had been slashed by Rs1,686.
“Domestic cylinder will be sold for Rs2,322 while commercial cylinder will be available at Rs8,933,” he added. “If our formula is followed, the price can be reduced further.”
Khokhar alleged that consumers had been charged higher-than-normal prices and billions of rupees were pocketed owing to black-marketing of the fuel over the past two months. “Strict action should be taken against those running the black market,” he emphasised.
Published in The Express Tribune, June 2nd, 2023.
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