The Oil and Gas Regulatory Authority (OGRA) on Monday announced an increase in liquefied petroleum gas (LPG) prices for both domestic and commercial users for December.
In a notification, the LPG price has been increased by Rs7.39 per kilogramme (kg), setting the new rate at Rs209 per kg. As a result, the price of a domestic LPG cylinder has seen an increase by Rs87.21, bringing the new price to Rs2,466.10.
According to OGRA's calculation, the producer price of LPG (propane 40% and butane 60%) has been determined at Rs137,442.82 per tonne for December, compared to Rs131,178 in November. The new price included excise duty of Rs85 per tonne.
OGRA briefed that the LPG producer price was linked to the Saudi Aramco-CP and the US dollar exchange rate under the legal and regulatory arrangement put in place by the Prime Minister Shehbaz Sharif-led government.
Last month, the authority announced a reduction in LPG prices by Rs5.88 per kilogram, providing relief to domestic consumers.
It should be noted that Aramco’s OSPs are used as a reference for contracts to supply LPG from the Middle East to the Asia-Pacific region.