OGRA reduces LPG price by Rs4/kg for January
The Oil and Gas Regulatory Authority (OGRA) has reduced the price of liquefied petroleum gas (LPG) by Rs4 per kilogram for January 2025.
The new rates, effective from January 1, apply to both domestic and commercial consumers.
According to a notification issued, the price of an 11.8-kilogram domestic LPG cylinder has been reduced to Rs2,953, down from Rs3,001.
Similarly, the price of a 45.4-kilogram commercial cylinder has been slashed by Rs182, bringing it down to Rs11,363 from the previous Rs11,545.
OGRA also announced a reduction in LPG production costs, which have dropped by Rs4,020 per metric ton. The revised rates aim to make LPG more affordable for households and businesses across the country.
Despite the price cut, reports indicate that LPG is being sold at rates exceeding Rs300 per kilogram in various areas, including Islamabad. Critics have raised concerns over OGRA’s inability to enforce the new pricing effectively in the market.
The regulator explained that the LPG producer price is influenced by fluctuations in the Saudi Aramco Price (CP) and the US dollar exchange rate. The Saudi Aramco-CP reportedly declined by 2 percent compared to the previous month, while the average exchange rate increased slightly by 0.12 percent. These factors contributed to a reduction of Rs47.43 (or 1.58 percent) in the price of an 11.8-kilogram domestic cylinder.
