Ahead of the revised petrol price announcement, the Oil and Gas Regulatory Authority (OGRA) has announced an increase in the price of Liquefied Petroleum Gas (LPG) for August 2024.
The price of LPG has been raised by Rs2.28 per kilogramme, bringing the new consumer rate to Rs236.996 per kilogramme, up from Rs234.717 per kilogramme in July.
Similarly, the producer price for LPG has been adjusted to Rs195.696 per kilogramme for August, reflecting the same increase. For an 11.8 kg LPG cylinder, the consumer price has been revised to Rs2,796.56, marking an increase of Rs26.90 from the previous month’s price of Rs2,769.66.
Additionally, the producer LPG price has been set at Rs2,309.22 for August. This price adjustment is influenced by fluctuations in the Saudi Aramco Contract Price (CP) and the US dollar exchange rate.
The Saudi Aramco CP has risen by 1.22 per cent, while the average dollar exchange rate has decreased by 0.0107 per cent. These factors have contributed to the overall increase in the consumer price of LPG by Rs26.90 per 11.8 kg cylinder, or 0.97 per cent.
