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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Monday notified Rs13 per kilogramme increase in the price of Liquefied Petroleum Gas (LPG) for the month of October.
According to a notification issued by the regulatory body, the price of an 11.8 kg LPG cylinder for domestic consumers has been jacked up by Rs155.80 to Rs2559.35. The previous price of the cylinder was Rs2, 403.55.
The regulatory body further said that liquefied petroleum gas prices have been increased due to a surge in gas rates across the globe.
In the last six months, LPG prices have seen a 53% increase. Earlier this year in May, a cylinder, for household purposes, cost Rs1,572 which surged over Rs2,000 by October.
Documents released by the authority revealed that if 17 percent sales tax and Rs5 petroleum levy is removed, it will bring relief to the consumers. In May, the import price of LPG was Rs74,223 per metric tonnes. By October, the rates increased to a whopping Rs134,000, OGRA added.
Although it’s only OGRA that has the authority to increase the LPG prices in practice, marketing companies increase the gas prices themselves. The government recently increased the price of petrol by Rs10.49 to a record high of Rs137.79 as well.
