ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in Liquefied Petroleum Gas (LPG) prices by Rs.7.43 per kilogram
According to the notification issued by the Oil and Gas Regulatory Authority (OGRA) on Monday, the LPG prices have been reduced to Rs.240.53 per kilogram after a reduction of Rs.7.43. The cost of a domestic LPG cylinder has been reduced by Rs.87.71. The new price for a domestic cylinder is now set at Rs.2750.60, compared to the previous price of Rs.2838.31. The new prices will be in effect from Tuesday, July 1,2025.
Meanwhile, the prices of petroleum products in Pakistan are expected to increased significantly despite a decline in global oil prices. The price of high speed diesel is likely to increase by Rs.14.86 per litre, while the petrol rate is expected to rise by Rs.11.43 per litre for the next fortnight, effective from July 1, 2025
The OGRA will submit its summary on revised petroleum prices today. The Petroleum division and the ministry of Finance will review the working before forwarding it to prime minister Shehbaz Sharif for final approval.
In international market, oil prices fell on Monday as an easing of geopolitical risk in the Middle East and the prospect of another OPEC plus output hike to August improved supply expectations amid persistent uncertainty over the outlook for global demand.
