LAHORE: The Oil and Gas Regulatory Authority (Ogra) on Friday reduced the liquefied petroleum gas (LPG) price by Rs48.77 to Rs229 per kg.
According to the notification issued by Ogra, the price of a domestic LPG cylinder has been reduced by Rs575.54 to Rs2,702.19.
The new LPG prices will be implemented for the current month of April.
The prices of petroleum products in Pakistan are also expected to decrease from April 1 due to a reduction in international crude oil prices.
According to the media reports, Oil marketing companies (OMCs) estimate that the price of diesel will drop by Rs15-20 per litre and petrol’s price is likely to decrease by Rs4-5 per litre.
However, the industry officials suggest that the Finance Division might maintain the current prices. In the previous fortnight bulletin, the federal government had raised the petrol price to Rs272 per litre, citing the depreciation of the Pakistani rupee against the US dollar and an increase in Platts Singapore’s prices.