LPG price slashed by Rs37.14 per kg.

ISLAMABAD -- The government Thursday slashed the prices of commercial and domestic liquefied petroleum gas (LPG) cylinders by Rs1,685 and Rs 438.22 respectively for June 2023.

As per the notification issued by Oil and Gas Regulatory Authority (Ogra), the price of liquefied petroleum gas (LPG) has been reduced by 15.89 percent or Rs37.14 per kg as compared to the previous month. After reduction, new price of LPG in June will come down to Rs196.75 per kg from Rs233.89 per kg during the previous month of May.

According to the Oil and Gas Regulatory Authority (OGRA) notification, the price of the 11.8kg domestic cylinder has been decreased by Rs438.22, while the commercial cylinder (45.4kg) has been reduced by Rs1,685 compared to the previous month. Consequently, the domestic gas cylinder weighing 11.8 kilograms will now cost Rs2,321.67 and the commercial cylinder (45.4kg) will be priced at Rs8,933. In the previous month, the price of domestic cylinder was Rs2,759.89 and the commercial cylinder was priced at Rs10,618.

The OGRA has calculated the producer price of LPG, considering it to be composed of 40 percent propane and 60 percent butane, at 127,070/ton. This price includes an excise duty of Rs85/ton, while excluding the petroleum levy of Rs4,669/ton, resulting in Rs55.09 for an 11.8kg cylinder and bringing the total cost of the cylinder to Rs1,554.52. Prior to the imposition of an 18 percent general sales tax (GST), the producer price would be Rs131,739/ton, while the price of...