OGRA raises LPG prices for August

ISLAMABAD:

According to the revised notification, OGRA raised the LPG price by Rs13 per kilogramme, fixing the new rate at Rs254 per kg for August, up from Rs241 per kg. The price of an 11.8-kg domestic LPG cylinder has been increased by Rs152, taking the new price to Rs3, 001 from the previous Rs2, 849.

Similarly, the price of a commercial LPG cylinder has been increased by Rs585. The new price has been fixed at Rs11, 546, compared with the previous rate of Rs10, 961. The revised LPG prices will come into effect from August 1, 2026.

Oil prices fell on Friday but kept on track for a monthlyrise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran which are engaged in a war since February 28.

Brent futures fell $1.03, or 1.2%, to $88 a barrel, while USWest Texas Intermediate (WTI) crude slipped $1.50, or 1.8%, to $82.09 a barrel. On a monthly basis, both benchmarks were set to rise about 20%. Crude oil is edging lower as rising Middle East tension is being offset by signs of increased flows in the Strait of Hormuz.