Introduction
In Pakistan, the cost of Liquefied Petroleum Gas (LPG) plays a pivotal role in influencing domestic and commercial activities. As of August 16, 2023, the LPG gas price stands at Rs. 202 per kilogram. The determination of this price falls under the jurisdiction of The Oil and Gas Regulatory Authority (OGRA), which periodically revises the LPG rates based on market dynamics and economic factors. This article sheds light on the latest LPG rates, the impact of recent changes, and the broader implications for consumers and businesses.
Current LPG Rates
The current LPG rates, both as per OG RA’s directives and prevailing market conditions, are as follows:
OGRA LPG Rates (as of August 17, 2023):
| Type of Cylinder | Quantity | Price (PKR) |
|---|---|---|
| LPG per KG | 1 KG | 202 |
| Domestic Cylinder 11.8 Kg | 11.8 KG | 2,375 |
| Commercial Cylinder 45.4 Kg | 45.4 KG | 9,170 |
Market Rates (as of August 17, 2023):
| Type of Cylinder | Quantity | Price (PKR) |
|---|---|---|
| LPG per KG | 1 KG | 260 |
| Domestic Cylinder 11.8 Kg | 11.8 KG | 2,900 |
| Commercial Cylinder 45.4 Kg | 45.4 KG | 10,000 |
Impact of Recent Changes
The LPG rates have experienced an upward revision by OGRA, resulting in a price increase of Rs. 23 per kilogram. This adjustment, which includes an 18% Goods and Services Tax (GST), came into effect on August 1, 2023. The decision to raise LPG prices can be attributed to various factors, including changes in international oil prices, supply and demand dynamics, and regulatory considerations.
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City-Wise LPG Rates
LPG rates can vary across different regions of Pakistan. As of the latest update, here is a glimpse of the city-wise LPG per kilogram rate:
- Punjab: Varies by city
- Sindh: Varies by city
- Khyber Pakhtunkhwa (KPK): Varies by city
- Balochistan: Varies by city
OGRA’s Notification and LPG News
In August 2023, OGRA issued a notification outlining the revised LPG prices. According to this notification, the price for a domestic LPG cylinder weighing 11.8 kilograms was increased by Rs. 281.51, bringing the new price to Rs. 2,373.64. Additionally, the price per kilogram of LPG was set at Rs. 201.15, reflecting an increase of Rs. 23.86 per kilogram. Notably, the price of an 11.8 kg domestic LPG cylinder was Rs. 2,092.13 in the preceding month.
Conclusion
The fluctuating LPG gas prices in Pakistan hold significant implications for both households and businesses. The latest revisions in rates, influenced by factors such as international market trends and regulatory adjustments, highlight the need for continuous monitoring and strategic planning by consumers and industries. Staying informed about these price dynamics empowers individuals to make informed decisions about their energy consumption and financial budgets. As the energy landscape continues to evolve, staying updated on LPG prices remains crucial for a well-informed and economically sustainable approach to energy usage in Pakistan.a
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