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OGRA announces a sharp rise in LPG prices

07:42 PM | 30 Nov, 2023
OGRA announces a sharp rise in LPG prices

KARACHI – Liquefied petroleum gas (LPG) costs have increased, a move that will impact customers and families nationwide, according to a Thursday announcement from the Oil and Gas Regulatory Authority.

According to the OGRA's notification, LPG rates would increase by Rs 45.18, with a 1.5% increase approved by the regulatory authority.

The household cylinder was priced at Rs 2962 for the month of November. On the other hand, consumers may expect a spike in LPG prices in December, with a total of Rs 3,007.

The noteworthy 1.87% increase in the average value of the dollar over the last month is attributed by OGRA to the recent jump in LPG prices.

One of the main factors driving the increased trend in LPG costs is the variation in the value of the dollar.

Nonetheless, the LPG Association has also chosen to increase the cost of commercial cylinders by Rs 174 in total. The new price per kilogramme for commercial cylinders is established at Rs 255.

According to the LPG Association, the price of commercial cylinders in December is expected to be Rs 11,571, a substantial increase from Rs 251 the previous month.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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