Friday, January 27, 2023

OGRA raises price of LPG by Rs1.66 per kg

The price of liquefied petroleum gas (LPG) would go up by Rs1.66 per kilogram, as stated in an announcement made by the Oil and Gas Regulatory Authority (OGRA).

The price of a home LPG cylinder has increased by Rs19.62 as a result of an increase by the OGRA.

As a result, the cost of a kilogram of LPG has increased to Rs220.42 now. However, the price of a domestic cylinder has been increased to Rs2,600.97 from its previous level.

It is essential to point out at this juncture that the new rates for LPG will become effective in the month of July 2022.

In the month of June, the price of a domestic LPG cylinder was Rs2,581.35.

The coalition administration had, once again, increased the pricing of petroleum items on June 30, in a brazen and shameless act that had been implemented. It appeared as though the government was putting the nation’s tolerance for uncertainty regarding the direction of the International Monetary Fund  (IMF) to the test.

A notification regarding the increase in price had been published by the Ministry of Finance earlier. The price of one liter of gasoline has risen to a new level of Rs248.74 following an increase of Rs14.85.

A price increase of Rs13.23 per liter has been implemented for high-speed diesel. The price of a liter of kerosene oil has increased by Rs18.83 in recent days. The cost of a liter of light diesel has gone up by Rs18.68 in recent days.

A duty of Rs10 has been placed on one liter of petrol, while a levy of Rs5 has been placed on one liter each of high-speed diesel, kerosene oil, and light diesel.

The price of a liter of high-speed diesel has just increased, and it is currently Rs 76.54. The price of a liter of kerosene oil has increased to Rs230.26, and the price of a liter of light diesel oil has increased to Rs226.15.

Since the first of July, the revised pricing has been in effect.

The notification that was sent out by the ministry of finance read as follows: “In view of the fluctuations in petroleum prices in the international market and variation in the exchange rate, the government has decided to apply petroleum levy partially and revise the existing prices of petroleum products as agreed with the development partners.”

Read Also:7pc tax on petroleum goods will be imposed due to PTI agreement: Miftah Ismail

Asad Umar, a leader of Pakistan Tehreek-e-Insaf and a former minister of planning and development, stated that the current government, which came to power on the promise of lowering the price of gasoline and putting an end to inflation, has increased the price of gasoline by Rs99 per liter and the price of diesel by Rs133 per liter. Is there any shame? Any shame???” he asked on Twitter earlier.

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