OGDCL slashes LPG price by Rs40/kg

News Image

MG News | April 05, 2022 at 09:13 PM GMT+05:00

0:00

April 05, 2022 (MLN): The price of Liquified Liquefied Petroleum Gas (LPG) has been slashed by Rs40 per kilogram mainly dur to the reduction in production cost of Oil and Gas Development Company Limited (OGDCL), Chairman LPG Distributors Association Irfan Khokhar informed media on Tuesday.

In addition to it, the price of the domestic cylinder is dropped by Rs467 while the commercial cylinder price reduced by Rs1,796.

The State-owned OGDCL has slashed the price of LPG by a substantial margin. The production price of LPG has been reduced by Rs39,552 per metric tonne to Rs39.5 per kg. The production price of LPG issued by OGRA on March 31, 2022, was fixed at Rs171,551.81 per MT, Rs171.5 per kg, Rs2,024 for domestic cylinder and Rs7,788 for the commercial cylinder.

On March 5, 2022, the OGDCL fixed the production price of LPG at Rs 132,000 per metric tonne, Rs132 per kg, Rs1,558 for domestic cylinders and Rs5,993 for commercial cylinders.

 Mr Khokhar has reiterated that all taxes on LPG should be abolished. He asserted that as LPG is a by-product of crude oil, which has no value so the government of Pakistan is requested to fix the local LPG production price at Rs 40,000 per tonne and 50 percent of imported LPG must be included.

The LPG Distributors Association has called for equal distribution of locally produced LPG among all LPG marketing companies under the PPL formula. According to the formula proposed by the LPG Industries Association of Pakistan, the price of LPG can be reduced by up to 50%.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg