LPG prices increased by Rs24 per kg

MG News | July 31, 2023 at 06:36 PM GMT+05:00

0:00

July 31, 2023 (MLN): The price of Liquefied Petroleum Gas (LPG) has been increased by Rs23.87 per kg, the latest notification issued by the Oil and Gas Regulatory Authority (OGRA) showed.

The new prices will come into effect from August 01, 2023.

As per the notification, the previous price was approximately Rs177 per kg, the new rate will now stand at Rs201 per kg.

Moreover, for an 11.8 kg LPG cylinder, the cost has been revised upwards to approximately Rs2,374, representing a significant increase from the previous price of Rs2,092, resulting in a rise of Rs282 per cylinder.

Notified LPG Producer prices
Month	Rs / Ton	Rs / kg	Rs /11.8 kg Minder
August 2023	159,855.79	159.86	1,886.30
July 2023	135,999.45	135.99	1,604.79
Increase / (Decrease)	23,856.34	23.87	281.51
Notified LPG Consumer prices
Month	Rs / Ton	Rs / kg	Cylinder
August 2022	201,155.79	201.16	2,373.64
July 2023	177,299.45	177.29	2,092.13
Increase / (Decrease)	23,856.34	23.87	281.51

Price Break-up

Description		Rs / Metric Ton (M.Ton)	Rs /11.8 Kg Cylinder
LPG PRODUCER PRICE	(1) Producers' Price (including excise Duty of Rs85/M.Ton) (Excluding Petroleum levy) Propane 40% and Butane 60%	130,802.01	1,543.46
	(ii) Petroleum levy	4,669	55.09
	(iii) (i+ii)	135,471.01	1,598.56
	(iv) 18% GST of (iii)	24,384.78	287.74
	(v) Maximum Producer Price with GST (iii+iv)	135,999.45	1,604.79
LPG CONSUMER PRICE	(i) Producer Price with GST	159,855.79	1,886.30
	(ii) Marketing Margin, Distribution Margin and Transportation: Component-wise Breakup: Marketing Margin: Rs17,000 /M.Ton Distribution Margin: Rs10,000/M.Ton Transportation: Rs8,000 /M.Ton	35,000	413
	(iii) 18% GST of (ii)	6,300	74.34
	(iv) Maximum LPG consumer price	201,155.79	2,373.64

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