Islamabad April 2 2023: The Oil and Gas Regulatory Authority (OGRA) of Pakistan slashed the price of liquefied petroleum gas (LPG) by PKR 576 per cylinder for the month of April 2023.
According to a notification issued by OGRA on Friday, the above prices will be effective from April 1.
LPG is mainly used in rural areas which is badly hit by spike in commodity and vegetable prices due to record high prices. Inflation in Rural areas, increased to 38.9 percent on year-on-year basis in March 2023 as compared to an increase of 35.6 percent in the previous month and 13.9 percent in March 2022. On month-on-month basis, it increased to 3.5 percent in March 2023 as compared to an increase of 4.0 percent in the previous month and an increase of 1.0 percent in March 2022.
Following this, the price of 11.8 kg domestic LPG cylinder has decreased by PKR 576 for the whole month of April.
In the monthly review, OGRA announced to cut PKR 278 to PKR 229 per kg price and the new domestic cylinder of 11.8 kg price has also reduced from PKR 3,278 to PKR 2,702. However, LPG cylinder was being sold at PKR 3,335 in March 2023 which is 64 percent higher compared with last year prices.
Maximum LPG consumer price has been decreased by PKR 48,775 per MT from PKR 277,774 to PKR 228,999 per MT.
Similarly, the maximum producer price with 18% GST decreased by PKR 576 from PKR 2,790 to PKR 2,214.
The notification said LPG prices will be regulated with a maximum price at all levels of the supply chain. However, it added, producePKR, marketing companies and distributoPKR may sell below the maximum price determined from time to time.
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