The Oil and Gas Regulatory Authority (OGRA) has reduced Liquefied Petroleum Gas (LPG) prices by Rs3.87 to Rs234 per kilogram, effective immediately. This is a result of reduced production costs and the arrival of imported LPG shipments. Additionally, petrol and diesel prices are expected to decrease by Rs 5 and Rs 4 per liter, respectively, starting from June 1st.
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday 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 Rs3.87 to Rs234 per kilogram. The new prices will be in effect immediately.
The development comes after Oil and Gas Development Company (OGDCL) has reduced the production cost following the arrival of three ships carrying imported LPG, sources said.
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.
We are pleased to share the recent announcement from the government regarding a significant reduction in LPG prices. This decision is a welcome relief for consumers who rely on LPG for their cooking and heating needs. The government’s effort to make this essential commodity more affordable is a testament to their commitment to the welfare of the citizens. With this latest price cut, households can expect to see a reduction in their monthly expenses, contributing to improved financial stability. The government’s proactive measure to lower LPG prices aligns with their aim to mitigate the economic impact on citizens and promote a sustainable standard of living. This move also reflects a responsive approach to addressing the needs of the populace during challenging times. As consumers, it is important to stay informed about such developments and take advantage of the benefits offered. We look forward to witnessing the positive impact of this decision and encourage everyone to stay updated on further developments in this regard.
Source: ARY NEWS
The Oil and Gas Regulatory Authority (OGRA) has reduced Liquefied Petroleum Gas (LPG) prices by Rs3.87 per kilogram to Rs234, prompted by reduced production cost and imported LPG arrival. Petrol and diesel prices in Pakistan are anticipated to decrease by Rs5 and Rs4 per liter, respectively, effective June 1. The Ministry of Finance will announce these prices post-consultation with the prime minister, following the submission of OGRA’s price reduction summary to the Petroleum Division by May 31.
Disclaimer:
This content is AI-generated using IFTTT AI Content Creator. While we strive for accuracy, it’s a tool for rapid updates. We’re committed to filtering information, not reproducing or endorsing misinformation. – Khabristan.pk for more information visit privacy policy
Leave a Comment