ISLAMABAD: The price of liquefied petroleum gas (LPG) has been increased by Rs5 following the 40 per cent hike in the gas tariff.
According to details, the price of a household gas cylinder has increased by Rs65 while the price of a commercial gas cylinder has increased by Rs292. A notification has been issued in this regard.
According to sources, the federal government on Sunday decided to increase the price of compressed natural gas (CNG) by Rs15 per kilogram.
Sources close to the development said the revised prices would be applicable in the provinces of Sindh, Balochistan and Khyber Pakhtunkhwa, whereas Punjab will not be affected by the hike as many gas stations had converted to LNG.
Finance Minister Asad Umar said on Saturday the government had decided against increasing the price of petroleum products despite a recommendation from the Oil and Gas Regulatory Authority (OGRA).
OGRA in its summary sent to the petroleum division recommended that the petrol prices should be increased by at least Rs4.50 per litre from October 1. It also recommended that the rate of high-speed diesel be increased by Rs4 per litre, while the rate of light diesel price proposed to be increased by Rs3.50 per litre.
