In the wake of a recent surge in petroleum prices, the Oil and GasRegulatory Authority (OGRA) has taken measures to adjust the prices ofLiquefied Petroleum Gas (LPG) for the month of September. This development,reported by ARY News on Friday, has significant implications for consumersand businesses alike.
The revised rates for LPG reflect an increase of Rs 38.97 per kilogram,resulting in the new price of a domestic LPG cylinder being set at Rs459.85. OGRA has formally issued a notification regarding this priceadjustment, which will remain in effect throughout the month of September.
It’s noteworthy that during the preceding month of August, the fixed ratefor an LPG cylinder stood at Rs 2,373.64. The sudden price hike in LPG forSeptember has understandably raised concerns among households andbusinesses as they grapple with budgetary implications.
Prior to this, the caretaker government had also raised the price ofpetrol by a substantial Rs 14.9 per litre, as per a notification issued bythe Finance Ministry. Consequently, the cost of petrol has escalated to Rs305.36 per litre, marking a significant increase.
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Simultaneously, the price of high-speed diesel (HSD) has surged by Rs18.44 per litre, reaching a new rate of Rs 311.84. This upward trend infuel prices has been a consistent concern for consumers, with petrol priceshaving seen a notable increase of Rs 17.50 per litre to Rs 290.45 on August16. The price of high-speed diesel also reached Rs 293.40 during that time.It’s worth mentioning that this escalation in fuel prices comes after thefederal government had previously raised the price of petrol by Rs 19.95per litre on August 1.
