ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has issued notification of new prices of LPG for the month of August 2020. Price has been increased by Rs1.50 per kg, Rs18 per domestic cylinder, Rs70 per commercial cylinder, and Rs1,339 per metric ton. Gas will be available to consumers across the country at Rs115.50 instead of Rs114 per kg, domestic cylinder at Rs1,363 instead of Rs1,345, and commercial cylinder at Rs5,244 instead of Rs5,175.

After an increase of five dollar in the international price, the LPG increased from 350 to 355. The rise in the local market was due to the rise in international prices. Irfan Khokar, chairman LPG Distributors Association Pakistan has demanded from the government that the local production company, JJVl Jamshoro Joint Venture, should be made operational immediately, so that the increase in local production will make affordable LPG available to the people, and the government may also avoid an annual loss of Rs4 billion.

Copyright Business Recorder, 2020