The Oil and Regulatory Authority has issued a directive to all LPG Marketing Companies, emphasizing the importance of adhering to the LPG notified price for the month of July. It is essential for all companies operating in the LPG sector to ensure that they are in compliance with the notified price to promote transparency and fair practices in the industry.
The companies are further directed to prominently mention the cylinder selling rates on the sales invoices while dispatching to distributors. This step aims to provide transparency and clarity to the distributors and end consumers regarding the pricing of LPG cylinders. By prominently displaying the selling rates, it will be easier for all stakeholders to understand and verify the pricing structure.
Furthermore, OGRA has reached out to all Provincial Chief Secretaries and Local Administrations, requesting their assistance in ensuring the implementation of notified prices at LPG plants and the premises of LPG distributors. The collaboration between the regulatory authority and the provincial and local administrations is crucial in maintaining a fair pricing system throughout the supply chain.
To ensure compliance with the notified prices, field inspections are being carried out by OGRA’s (Oil and Gas Regulatory Authority) Enforcement teams across the entire LPG supply chain. These inspections aim to monitor and verify the adherence to the notified prices at every stage of the LPG distribution process. Any violations or discrepancies found during the inspections will be dealt with according to the relevant regulations.
The OGRA is committed to promoting a transparent and regulated LPG industry, safeguarding the interests of consumers and maintaining a level playing field for all market participants. All LPG Marketing Companies are urged to fully cooperate with the directives and take necessary measures to comply with the notified prices for the month of July.
For more information and guidance on the notified prices and compliance requirements, LPG Marketing Companies can refer to the official website of the OGRA i.e.
www.ogra.org.pk
OGRA warned LPG Marketing Companies on price hike of LPG price and asked to ensure compliance with the LPG notified price
