The Oil and Gas Regulatory Authority (Ogra) has announced an increase in the price of liquid petroleum gas (LPG) for November, with rates rising by approximately Rs2.88 per kilogram. This adjustment means the price of an 11.8 kg LPG cylinder will now be Rs2,999.47, up from Rs2,965.38 in September.
Key Details of the Price Increase
- New Price: Rs2,999.47 for an 11.8 kg cylinder.
- Increase: Rs34.09 per cylinder, or Rs2.88 per kg.
- Factors Influencing Prices:
- Saudi Aramco-CP: Prices increased by 1.6%.
- US Dollar Exchange Rate: Slight decrease of 0.19%.
Ogra explained that LPG prices are closely linked to the international market, particularly the Saudi Aramco contract price and the fluctuating value of the US dollar. Despite the dollar’s minor decrease, the overall rise in Saudi pricing has led to higher consumer costs.
Understanding LPG Pricing
LPG, commonly used for cooking and heating, is significantly impacted by global oil market trends. Changes in the Saudi Aramco-CP reflect broader oil price movements, which can affect domestic consumers.
