July 1, 2022 (MLN): Following the hike in petroleum product prices, the Oil and Gas Regulatory Authority (OGRA) on Friday, increased Liquefied Petroleum Gas (LPG) price by Rs1.66 per Kg for the month of July.
Hence, the new price of LPG now stands at Rs220.42 per kg, while the domestic cylinder will cost around Rs2,600.97.
Meanwhile, it is important to note that the government had fixed the LPG price at Rs218 per Kg for June and the domestic cylinder cost around Rs2,581.
Yesterday, the government decided to increase the petrol prices by Rs14.85 to Rs248.74 per litre while imposing a Petroleum Levy (PL) of Rs10 per litre. This is the fourth consecutive hike in fuel prices since May 26.
“In view of the fluctuations in prices in the international market and exchange rate variation, the government has decided to partially apply the petroleum levy and revise the existing prices of petroleum products as agreed with the development partners”, Finance Division said.
Following the announcement, high-speed diesel is now priced at Rs276.54 per litre (up by Rs13.23), kerosene oil at Rs230.20 per litre (up by Rs18.83) and light diesel at Rs226.61 per litre (up by 18.68). Meanwhile, Rs5 has been applied as PL on each high-speed diesel, kerosene oil and light diesel.
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