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Friday, February 23, 2024  
12 Shaban 1445  

Ogra increases LPG rates by 1.5%

Domestic cylinder price increases by Rs45.18

The Oil and Gas Regulatory Authority increased on Thursday the price of liquefied petroleum gas (LPG) by about 1.5%, as people look for alternate fuel amid natural gas load-shedding in the winter season.

“The new prices will be effective from December 1,” said a notification.

The notification indicated a Rs45.18 rise in the rate of domestic cylinders, with the regulatory body approving a 1.5% increase.

The 11.8kg domestic cylinder for November was priced at Rs2,962 against Rs3,079 during the previous month.

But in December consumers will experience a surge in LPG prices, reaching a total of Rs3,007.35.

Earlier this month, the South Asian country issued a tender seeking a spot cargo of LNG for January delivery.

Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking the cargo on a delivered-ex-ship (DES) basis for delivery to Port Qasim, Karachi between Jan 8-9. The tender will close on Nov 24.

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