ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of February.
According to the notification, the authority increased the locally produced LPG price by Rs122.44 per cylinder of 11.8 kilograms. The new price will be effective from February 1 today.
After the revised price, the cylinder would be sold in the open market at Rs1,863.14, which was available at Rs1,740.69 during the last month.
Whereas, the per Metric Ton (MT) LPG rate has been fixed at Rs157,894.35 for the month of February. The commodity sale price per MT was Rs147,516.53 during the month of January.
Meanwhile, in a statement LPG Industries Association Chairman said that LPG was a cheaper fuel to meet the energy demands of the country. Although a shortage of natural gas was observed from December, which will further worsen during the acute winter season, he added.
The government should take timely and appropriate measures to control the shortage of gas in the country, adding that poor policies and exorbitant taxes already imposed on LPG prices have so far caused a negative impact on the overall industry, he said.
