Ogra wastes no time in increasing LPG price
A day after the federal government heavily raised the prices of petroleum products, the Oil and Gas Regulatory Authority (OGRA) on Saturday increased the prices of liquefied petroleum gas (LPG) by Rs5 per kilogram, reported 24NewsHD TV channel.
The LPG marketing companies wasted no time in increasing the prices after OGRA issued the notification.
After the hike, the price of a domestic cylinder weighing up to 11.8kg has increased by Rs50 to Rs1,298 while the price of the commercial cylinder has been increased by Rs200 to Rs4,895.
It may be mentioned here that this was the second raise in LPG in one week.
On June 24, the LPG price had been increased by Rs10 per kg, primarily due to short supply. With the upward revision in rates of LPG, the price of the domestic cylinder and the commercial cylinder had been increased by Rs 50 and Rs450 respectively.
According to LPG Distributors Association, there was a likelihood of a further increase in prices of LPG as supply could be reduced further. Owing to gas utility’s failure to take timely steps for smooth supply of LPG, it is feared that the cheap fuel would also become scarce and people would be left with no option but to buy expensive gas.