The price of LPG increased by Rs 5 after the hike in gas tariff by forty per cent. The rise in the price of the Liquefied petroleum (LPG) gas came after the increase in gas tariff.
As per the available details, the price of the household gas cylinder has surged by rupees sixty-five while the price of a commercial gas cylinder has hiked by rupees two hundred and ninety-two. A notification has also been issued in this matter.
As per sources, the federal government on Sunday took the decision to increase the price of compressed natural gas (CNG) by fifteen rupees per kilogram.
According to the sources close to the development informed that the revised prices would be applied in all three provinces, namely, Sindh, Khyber Pakhtunkhwa and Balochistan, however, Punjab would not be affected by the increase in prices as many gas stations had already converted to LNG.
Asad Umar—the Finance Minister on Saturday said that the government had taken the decision against increasing the price of petroleum products in spite of the suggestion from the Oil and Gas Regulatory Authority (OGRA).
OGRA in its summary which was sent to the petroleum division suggested that the prices of petrol be raised by at least rupees 4.50 per litre from the 1st of October. It also suggested that the rate of high-speed diesel be raised by rupees four per litre, while the rate of light diesel price was recommended being hiked by rupees 3.50 per litre.