The Oil and Gas Regulatory Authority (Ogra) on Friday notified an increase in the price of liquefied petroleum gas (LPG) by Rs 1.56 per kg for August 2020.
According to the notification issued The 11.8 kg domestic cylinder will be available at Rs 1363.55.
Earlier it was reported that following the end of an LPG extraction agreement between Sui Southern Gas Company (SSGC) and Jamshoro Joint Venture Limited (JJVL), LPG prices are expected to rise further in coming months due to a shortfall of 300 tons in the system. Owing to the demand and supply gap, dealers have not been selling LPG at the Ogra-notified price.
Pakistan LPG Marketers Association has expressed concern over non-renewal of the LPG agreement and appealed to SSGC to make an arrangement with JJVL to bridge the gap of 300 tons of LPG
For July 2020, OGRA increased price of (LPG) by Rs 4 per kg.
In July, a letter addressed to the SSGC MD, the association said in the larger interest of the country, an arrangement between the two entities (SSGC and JJVL) may be made at the earliest so that the already fragile economic condition of the country could be saved from damage.
Association Chairman Farooq Iftikhar said, “We believe SSGC should have worked on enhancing local production rather than curtailing or holding at current levels of production.”