ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) has recently announced a significant increase in the price of liquefied petroleum gas (LPG). Effective from August 1, 2023, the price per kilogram of LPG will rise by Rs23.87, bringing the new price to Rs201 per kilogram, up from the previous Rs177.
This price hike also affects the cost of an 11.8 kg LPG cylinder, which will now be priced at approximately Rs2,374, marking a substantial increase from the former price of Rs2,092. This translates to an additional cost of Rs282 per cylinder for consumers.
In response to this announcement, the Liquefied Petroleum Gas (LPG) Distributors Association declared a nationwide strike on Monday. The strike is a direct protest against the sudden and considerable increase in prices, which is expected to impact consumers across the country.
In related news, the foreign currency exchange rates for various currencies including the US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, and European Euro were also updated in Pakistan’s open market on August 1, 2023.
Furthermore, the price of gold has also seen fluctuations with the price of a single tola of 24-karat gold recorded at Rs 222,200 on Tuesday. The price of 10 grams of 24k gold was noted at Rs190,500, while 10 grams of 22k gold were being traded for Rs175,750. A single tola of 22-karat gold was being sold at Rs 205,011. It should be noted that gold rates in Pakistan are subject to changes in the international market, hence the prices are not fixed.
