The LPG price has been increased by seven rupees on Thursday. The price increase has been introduced by the Oil Gas Regulatory Authority (OGRA).
As per the released notification by OGRA, the Liquefied Petroleum Gas (LPG) would now be sold for rupees one hundred and thirty-three per kilogram (Rs 133/kg).
OGRA has also mentioned that the rates of the domestic gas cylinders have also been revised and raised by eighty-six rupees (Rs 86) and the rates of commercial cylinders by three hundred and twenty-nine rupees (Rs 329), after the raise the cylinders would be sold at the new rates of rupees one thousand five hundred and sixty-five (Rs 1,565) and rupees six thousand and twenty-one (Rs 6,021), respectively.
On the 1st of August, the Ministry of Finance made an announcement through a notification that the prices of petroleum products would remain unchanged and would be kept at the same levels as they are currently for the month of August.
The notification further mentioned that the petroleum prices were maintained to provide ease to the public. It also added that OGRA had requested increasing the rates due to the increased costs in the global market.
Similarly, the prices of petrol, kerosene, diesel and light diesel would remain at the current rates per litre, which are as follows:
Per-Litre Prices of Petroleum Products
|Petroleum Products||Per-Litre Price in Rs.|
|Light Diesel||Rs 75.37|
The notification also added that the general sales tax (GST) had to be reduced for maintaining the present petroleum product prices.
The notification explained the details and added that the GST on petrol, kerosene, diesel and light diesel had been reduced. The new GST rates for these products are as follows:
GST Rates for Petroleum Products
|Petroleum Product||Old GST Rate (%)||New GST Rate (%)|
|Petrol||12 %||9.5 %|
|Kerosene||12 %||6 %|
|Diesel||24 %||22 %|
|Light Diesel||9 %||1 %|