The Oil and Gas Regulatory Authority (OGRA) has reduced liquefied petroleum gas (LPG) prices by Rs. 11.59 per kg, effective January 2023.
OGRA issued a notification in this regard, lowering the per kg price of LPG to Rs. 204.35.
Furthermore, OGRA reduced the price of domestic LPG cylinders by Rs. 136.86, allowing consumers to purchase an LPG cylinder for Rs. 2,411.
It should be noted that the federal government increased the price of LPG by Rs. 11.79 per kg in December, bringing it to Rs. 215.95 per kg.
The government’s decision to lower prices during this period of inflation provides significant relief to the middle and lower classes.
However, it is unfortunate that whenever citizens are given relief, they are also given bad news.
Flour prices in Punjab have increased by an astounding 80%. A 40 kg bag of wheat cost Rs. 350 more than before, and a 20 kg bag cost Rs. 315 more.
Following Saudi Aramco’s reduction in Propane and Butane prices, the government on Friday reduced Liquefied Petroleum Gas (LPG) prices for domestic and commercial consumers by Rs11.60 per kilogramme for January 2023.
According to an Ogra notification, the price of LPG for January 2023 has been reduced by Rs11.60/kg, and the price of a domestic 11.8kg cylinder has been reduced by Rs136.86 from Rs2,548.29 in December 2022 to Rs2,411.43 in January 2023.
While the price of a commercial cylinder (45.4kg) would fall by Rs527 and be sold for Rs9,278 in January 2023, down from Rs9,804 in December 2022.
To read our blog on “Split in the government over raising the LPG petroleum levy rate,” click here