LPG price jacked up by Rs19 per 11.8kg

ISLAMABAD:

The Oil and Gas Regulatory Authority (Ogra) on Monday notified an increase in the price of Liquefied Petroleum Gas (LPG) for the month of Jan 2024.

The price of an 11.8-kilogramme domestic cylinder has been increased by Rs18.52, which translates into a rise of Rs1.56 per kilo.

The price of commercial cylinder has been increased by Rs71 while the government producer price has been increased by Rs1,560 per metric ton.

Now, the LPG will be available at Rs256 per kilo instead of Rs255 and domestic cylinder will be available at Rs3,025.87 instead of Rs3,007.35.

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The commercial cylinder will be available at Rs11,642 instead of Rs11,571.

The LPG industry calls for introducing a better LPG policy to provide cheaper, better quality and abundant LPG to the poor people in this inflationary situation.

The natural gas crisis is intensifying across the country. The LPG industry says that at present, there is a daily production of 2,000 metric tons of LPG across the country while the local consumption has crossed 5,000 tons.

Up to 60% domestic requirement is met through imported LPG. Bad policies and high taxes have adversely affected the LPG industry as LPG distributors are calling for making LPG tax free. They are demanding abolishment of unnecessary taxes on LPG.