AGL 8.30 Increased By ▲ 0.44 (5.6%)
ANL 10.59 Increased By ▲ 0.24 (2.32%)
AVN 78.60 Increased By ▲ 0.70 (0.9%)
BOP 5.45 Increased By ▲ 0.06 (1.11%)
CNERGY 5.59 Increased By ▲ 0.58 (11.58%)
EFERT 80.25 Decreased By ▼ -0.55 (-0.68%)
EPCL 69.60 Increased By ▲ 1.50 (2.2%)
FCCL 15.30 Increased By ▲ 0.74 (5.08%)
FFL 6.53 Increased By ▲ 0.33 (5.32%)
FLYNG 7.18 Increased By ▲ 0.53 (7.97%)
GGGL 10.85 Increased By ▲ 0.27 (2.55%)
GGL 16.79 Increased By ▲ 0.38 (2.32%)
GTECH 8.14 Increased By ▲ 0.02 (0.25%)
HUMNL 7.04 Increased By ▲ 0.02 (0.28%)
KEL 2.99 Increased By ▲ 0.11 (3.82%)
LOTCHEM 30.77 Increased By ▲ 2.24 (7.85%)
MLCF 28.98 Increased By ▲ 2.03 (7.53%)
OGDC 82.75 Increased By ▲ 0.60 (0.73%)
PAEL 16.97 Increased By ▲ 0.32 (1.92%)
PIBTL 6.08 Increased By ▲ 0.24 (4.11%)
PRL 18.10 Increased By ▲ 1.35 (8.06%)
SILK 1.15 Increased By ▲ 0.05 (4.55%)
TELE 11.25 Increased By ▲ 0.28 (2.55%)
TPL 9.20 Decreased By ▼ -0.02 (-0.22%)
TPLP 19.88 Increased By ▲ 0.22 (1.12%)
TREET 26.46 Increased By ▲ 0.55 (2.12%)
TRG 94.60 Increased By ▲ 0.99 (1.06%)
UNITY 19.50 Increased By ▲ 0.50 (2.63%)
WAVES 14.34 Increased By ▲ 0.78 (5.75%)
WTL 1.30 Increased By ▲ 0.06 (4.84%)
BR100 4,187 Increased By 80.1 (1.95%)
BR30 15,474 Increased By 343.5 (2.27%)
KSE100 42,096 Increased By 670.9 (1.62%)
KSE30 15,883 Increased By 222.7 (1.42%)

Oil and Gas Regulatory Authority (Ogra) has decreased the price of 11.8 kg liquefied petroleum gas (LPG) domestic cylinder by Rs 180.75 for the month of June. A substantial reduction in demand of LPG, the oil and gas authority accounts for an 11 percent reduction or Rs 16 per kilogram on domestic LPG cylinder. This is the first time in the current year when OGRA has notified a reduction in the price of LPG.
The new notified price of 11.8 kg domestic cylinder will be Rs 1399.39 which was Rs 1580.14 in May. The price of commercial cylinder is fixed at Rs 5383. The producers price of LPG (propane 40 percent and butane 60 percent -two components of LPG) has been determined at Rs 61,691.99 per metric ton (MT) - reflecting a decline from Rs 74,784.75 per metric ton (MT) of price fixed for May.
The producers' price includes excise duty of Rs 85 per metric ton, excluding Petroleum Levy. And under this head, the producer's price of 11.8kg cylinder has been worked out at Rs 727.97as per the notification.
The marketing/distribution margin has been set at Rs 35000 per MT and Rs 413 per 11.8 kg cylinder, and Petroleum Levy of Rs 4669 per metric ton will be also charged, which is Rs 55.09 for 11.8kg cylinder.
Ex-GST or Prior to General Sales Tax (GST) imposition, the consumer price will be Rs 101,360.99 per metric ton and the 11.8kg cylinder price is Rs 1196.06. The GST of 17 percent or Rs 17231.37 per metric ton has been imposed which was passed on at the rate of Rs 203.33 for domestic cylinders. LPG Industries Association of Pakistan Founder/Chairman Irfan Khokhar told Business Recorder that due to better policies of the government and reduction in LPG prices in the international market, the LPG would be available to domestic and commercial consumers at a lower rate.
He, however, said the government was considering imposition of taxes on LPG at import level which would increase the price of LPG cylinders. He said the LPG Association had given government a deadline of June 30 to withdraw any proposal to impose a tax on import of LPG failing which they would go on strike.

Copyright Business Recorder, 2019

Comments

Comments are closed.