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Home Business LPG price hiked by over Rs20 per kg for October

LPG price hiked by over Rs20 per kg for October

Increase in prices of Propane, Butane behind hike: Ogra.

by NWMNewsDesk
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The federal government has approved an Rs20.86 per kilogram hike in Liquified Petroleum Gas (LPG) prices for both domestic and commercial consumers for the month of October 2023, The News reported on Sunday.

The revised pricing structure came into effect today (October 1, 2023).

Notably, this is the third straight month the government has been increasing LPG prices significantly.

The Oil and Gas Regulatory Authority (Ogra) attributed this consistent escalation to two key factors: the devaluation of the Pakistani rupee against the US dollar and an increase in the prices of Propane and Butane, the principal components of LPG, by Saudi Aramco.

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The Ogra’s notification revealed the per-kilogram price of LPG will rise to Rs261 in October, up from Rs240 per kilogram in September 2023.

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