Saturday, January 28, 2023

OGRA raises LPG price by Rs 27 per kg

The Oil and Gas Regulatory Authority (OGRA) said on Monday that the price of Liquefied Petroleum Gas (LPG) would be increased by Rs27.1 per kilogram for the month of March, effective immediately.

It has been announced that LPG prices have increased by Rs27 per kilogram and that it will now be sold out for Rs233.78 a kilogram, in accordance with a notification issued by a regulatory body.

The price of an 11.8 kg household LPG cylinder has increased by Rs318.74 as a result of the new pricing structure. The price of a household cylinder has been increased to Rs 2,758 per cylinder.

Meanwhile, prices of all major petroleum products are projected to rise by Rs8 to Rs10 per liter starting on March 1 for the next fortnight, according to industry estimates.

Read Also: PM Imran Khan to announce Rs10 per litre cut in petrol price

Petrol prices are expected to rise by Rs9.60 per liter, while high-speed diesel (HSD) prices are expected to rise by Rs8.50 per liter, according to reports. The price of light-speed diesel (LDL) and kerosene oil is projected to rise by Rs4 per liter in the coming months.

Increasing worldwide oil prices, the implementation of the Petroleum Levy, and a weaker currency will all result in an increased revision of fuel costs. As a result of Russia’s invasion of Ukraine, global oil prices have risen by a large amount.

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