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Markets Print edition: 2024-05-01

Ogra notifies 4.74pc cut in LPG consumer price

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By Wasim Iqbal
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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) notified a 4.74 percent decrease in the LPG consumer price effective May 1, 2024, following a decline in the Saudi Aramco-CP price and a marginal strengthening of the Pakistani rupee against the US dollar.

According to Ogra’s statement, the LPG producer price is linked with the Saudi Aramco-CP and the US dollar exchange rate. Compared to the previous month, the Saudi Aramco-CP has decreased by 5.6 per cent.

The average dollar exchange rate has also decreased by 0.18 per cent, resulting in a decrease in the LPG consumer price by Rs140.18 for an 11.8 kg cylinder (4.74 per cent). The per kg decrease in LPG consumer price is Rs11.88.

Copyright Business Recorder, 2024

OGRA LPG US dollar exchange rate

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