LAHORE: In the wake of disturbing news regarding higher petroleum prices, Oil and Gas Regulatory Authority (Ogra) has increased the price of LPG by Rs2 per kg, the new price of LPG now stands at Rs220.42 per kg.
The domestic cylinder will be sold at Rs2,600.97/- and the commercial cylinder will be available at Rs10,007.12/-.
The LPG Industries Association of Pakistan appealed Prime Minister Muhammad Shahbaz Sharif to bring respite in the life of the masses by reducing the prices of the fuel. The current official rate of LPG can be reduced by about Rs100 per kg (50%).
LPG Industries Association Chairman Irfan Khokhar said the task could be achieved by following the formula of the association. He added that it can be done by freezing or fixing the LPG producer base price at Rs40,000 per metric tons, and increasing the local production of LGP simultaneously by restoring Asia’s largest plant, i.e. Jamshoro Joint Venture Limited (JJVL), which has been closed for two years and has caused losses of Rs50 billion to the national exchequer.
The LPG is 65% cheaper than petrol and diesel which can be further made cheaper for the poor LPG consumers as per our formula.
“We request the Prime Minister of Pakistan to please provide this severely needed sigh of relief to the people immediately as the government can reduce the price of LPG without paying any subsidy” Khokhar urged.