Pakistan’s Oil and Gas Regulatory Authority has reduced Liquefied Petroleum Gas (LPG) rates by Rs70 to Rs180 per kilogram, effective immediately. Petrol prices are expected to decrease by Rs 5 and diesel by Rs 4 per liter from June 1, pending approval from the Ministry of Finance.
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Wednesday slashed price of Liquefied Petroleum Gas (LPG), ARY News reported.
As per the notification issued by the OGRA, the LPG rates have been reduced by Rs70 to Rs180 per kilogram. The new prices will be in effect immediately.
Meanwhile, the petrol prices in Pakistan are likely to see another decrease from June1.
According to sources, the prices of petrol and diesel are expected to decrease by Rs 5 and Rs 4 per liter, respectively.
Sources said that the Ministry of Finance will announce the new prices after consultation with the prime minister.
The Oil and Gas Regulatory Authority (OGRA) summary for the price reduction will be sent to the Petroleum Division by May 31st, sources added.
In recent news, Pakistan has experienced a substantial decline in the prices of LPG (liquefied petroleum gas), bringing relief to consumers and businesses alike. The decrease in LPG rates is attributed to a variety of factors, including shifts in global market dynamics and increased domestic production. This development has the potential to positively impact the cost of living and operations across various sectors in the country. It is important for both consumers and industry professionals to stay informed about these changes, as they may have a direct bearing on their budgets and decision-making processes. As Pakistan continues to navigate economic challenges, the reduction in LPG prices serves as a notable development, offering a glimmer of economic respite for many.
Source: ARY NEWS
The Oil and Gas Regulatory Authority (OGRA) in Pakistan has significantly reduced Liquefied Petroleum Gas (LPG) rates by Rs70 to Rs180 per kilogram, effective immediately. Additionally, there is anticipation of a further decrease in petrol and diesel prices by Rs 5 and Rs 4 per liter, respectively, from June 1. The Ministry of Finance is expected to announce the new prices after consultation with the prime minister. OGRA’s summary for the price reduction will be sent to the Petroleum Division by May 31st. Source: ARY News.
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