The Oil and Gas Regulatory Authority (OGRA) has slashed the maximum price of liquefied petroleum gas (LPG) for November, citing a drop in international prices and a slightly stronger rupee.
Starting November 1, the maximum consumer price for an 11.8 kg LPG cylinder will be Rs. 2,378.89, down Rs. 69.44 (2.83%) from October’s price of Rs. 2,448.33.
The per kilogram price has dropped by Rs. 5.88.
OGRA said the cut follows a 3.52% decrease in the Saudi Aramco Contract Price (CP), which is used as a benchmark for local rates, and a 0.15% appreciation in the average dollar exchange rate.
Producer prices have also been reduced, with the notified rate for November set at Rs. 1,891.55 per 11.8 kg cylinder, compared to Rs. 1,960.99 last month.