OGRA DETERMINES LPG PRICE

OGRA

Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the maximum price of Liquified Petroleum Gas (LPG) effective from September 1st, 2023 as under:Notified LPG Producer prices Rs. / Ton Rs / 11.8 kg CylinderSeptember -2023 ( w.e.f 01-09-2023) 198,826.33 2,346.15August -2023 159,855.79 1,886.30Increase / (Decrease) 38,970.54 459.85 Notified LPG Consumer prices Rs. / Ton Rs / 11.8 kg CylinderSeptember -2023 ( w.e.f 01-09-2023) 240,126.33 2,833.49August -2023 201,155.79 2,373.64Increase / (Decrease) 38,970.54 459.85The reason behind the increase is that…

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Petroleum Prices Government has Failed to Read the Writing on the Wall Irfan Iqbal Sheikh

irfan-iqbal-sheikh-fpcci

Karachi . Irfan Iqbal Sheikh, President FPCCI, has unequivocally stated that the government has no clue that what will be the socioeconomic repercussions of the third massive hike in petroleum prices as FPCCI can see the inflationary pressures to mount beyond the control of any sector or industry to absorb. Industrial shut downs; decline in exports; dwindling domestic demand; social unrest; unemployment and non-existent economic growth will follow, he added. Mr. Irfan Iqbal Sheikh maintained that the most glaring and worrisome aspect of the last few hikes is that the…

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Consumers have no option but to pay bills: PM

Anwaarul-Haq

• Says judges, armed forces do not enjoy free electricity• Kakar promises relief in future bills• Says ECP enjoys authority to announce poll date, caretakers can only assist it• IMF urged to help Pakistan uphold right to electricity ISLAMABAD: As the nation grapples with bloated power bills and backbreaking inflation, interim Prime Minister Anwaarul Haq Kakar told people to pay their utility bills since there was no way around it, adding that negotiations with global lenders on the issue were underway. Speaking to journalists on Thursday at the Prime Minister’s…

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Darmalak gas consumers told to pay fixed monthly bill

Gas-tariff

KOHAT: The authorities have asked the gas consumers of Darmalak area in Lachi tehsil to pay a fixed bill of Rs1,000 per month instead of using the fuel through illegal connections. The offer was made at meeting held here on Thursday between the district administration and representatives of Darmalak consumers. The consumers complained about low gas pressure. They were told first install meters and stop theft of gas through illegal underground pipelines that caused a monthly loss of Rs10 to Rs50 million to the exchequer. The officials told the consumers…

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Russian crude provides only Re1 benefit on per litre petrol, PM told

Petrol-price

ISLAMABAD: Briefing caretaker Prime Minister Anwaar-ul-Haq Kakar on Russian crude’s impact on POL prices, the Petroleum Division said that the maximum benefit of Russian crude is quite nominal of Re1 per liter petrol and diesel. It added that importing Russian crude involved two risks, including 30-36 days of transportation and 60 percent production of furnace oil that has to be exported at the rate of 75 percent of crude with a 25 percent loss. No company except Pakistan Refinery Limited (PRL) is ready to refine the Russian oil, and if…

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