LAHORE: Government LPG Production Corporation (OGDCL) has slashed the price of LPG by Rs 40 per kg.
The production price of LPG has been reduced by Rs 39,552 per metric tonne to Rs 39.5 per kg, Rs 467 per domestic cylinder and Rs 1,796 per commercial cylinder.
The production price of LPG issued by OGRA on March 31 was fixed at Rs 171,551.81 per metric tonne, Rs 171.5 per kg, Rs 2,024 for domestic cylinder and Rs 7,788 for commercial cylinder.
On March 5, 2022, the Government LPG Production Corporation (OGDCL) fixed the production price of LPG at Rs. 132,000 per metric tonne, Rs. 132 per kg, Rs. 1558 per domestic cylinder and Rs. 5,993 per commercial cylinder.
LPG is the fuel of the poor, all taxes on LPG should be abolished. LPG is a by-product of crude oil, which has no value.
The Government of Pakistan is requested to fix the local LPG production price permanently at Rs. 40,000 per metric tonne and to include 50% of imported LPG. Local Production LPG should be distributed equally among all LPG marketing companies under PPL formula.
According to the formula proposed by LPG Industries Association of Pakistan, the price of LPG can be reduced by up to 50%.
