ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) has increased the Liquefied Petroleum Gas (LPG) price by Rs 19 per kg for the month of July.
OGRA on Wednesday issued a price-revision notification of LPG for the month of July. The notification reads that the authority has increased the locally produced LPG price by Rs222.28 per cylinder of 11.8 kilograms.
With the update, the LPG cylinder would be sold in the open market at Rs1,888.57 during the month of July, which was available at Rs1,667.29 in the last month. The per Metric Ton (MT) LPG rate has been fixed at Rs160,133.40 for the month of July. The commodity sale price per MT was Rs141,295.32 in June.
Meanwhile, LPG Association Chairman Irfan Khokhar said that the price of an 11.8 kg LPG cylinder for domestic consumers has been jacked up to Rs224 and a commercial cylinder up to Rs863.
He said that the LPG prices were hiked for the fourth time in recent days and it is the first time to witness the price hike in the summer season. He also announced to go on strike against the decision and said that they would cut the supply of LPG across Pakistan.
On Wednesday, the authorities increased the price of petrol by Rs2 per litre and that of high-speed diesel by Rs1.44 per litre. With the increase in the fuel prices, the new price of petrol is set at Rs112.69 per litre and that of HSD at Rs113.99 per litre starting July 1.
In addition, the prices of kerosene and light diesel oil (LDO) have been raised by almost Rs4, to Rs85.75 and Rs83.4 per litre, respectively.
Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.
On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.
Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.
UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||360||363.5|
|Hong Kong Dollar||HKD||36.46||36.81|
|New Zealand Dollar||NZD||175.89||177.89|
The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.
On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330.
Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.
In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.
|Lahore||PKR 218,500||PKR 2,720|
|Karachi||PKR 218,500||PKR 2,720|
|Islamabad||PKR 218,500||PKR 2,720|
|Peshawar||PKR 218,500||PKR 2,720|
|Quetta||PKR 218,500||PKR 2,720|
|Sialkot||PKR 218,500||PKR 2,720|
|Attock||PKR 218,500||PKR 2,720|
|Gujranwala||PKR 218,500||PKR 2,720|
|Jehlum||PKR 218,500||PKR 2,720|
|Multan||PKR 218,500||PKR 2,720|
|Bahawalpur||PKR 218,500||PKR 2,720|
|Gujrat||PKR 218,500||PKR 2,720|
|Nawabshah||PKR 218,500||PKR 2,720|
|Chakwal||PKR 218,500||PKR 2,720|
|Hyderabad||PKR 218,500||PKR 2,720|
|Nowshehra||PKR 218,500||PKR 2,720|
|Sargodha||PKR 218,500||PKR 2,720|
|Faisalabad||PKR 218,500||PKR 2,720|
|Mirpur||PKR 218,500||PKR 2,720|