The producer price for an 11.8 kg bottle was calculated at Rs 3,101.25 for April, compared to Rs 2,177.54 in March.
OGRA increased the prices of HSD and gasoline from March 1. PHOTO: PEXELS
ISLAMABAD:
The Oil and Gas Regulatory Authority (Ogra) has notified a 35 per cent increase in liquefied petroleum gas (LPG) tariffs, increasing the cost of a 11.8 kg domestic cylinder by Rs 924 for April due to a sharp rise in the global market.
In a notification, the regulator fixed the price of LPG at Rs 304.15 per kg for April, compared to Rs 225.84 per kg in March. Therefore, the price of a 11.8 kg domestic cylinder has been fixed at Rs 3,588.60 for April, compared to Rs 2,664.88 in March.
According to Ogra calculations, the producer price of LPG, which comprises 40% propane and 60% butane, was determined at Rs262,817.53 per tonne for April, compared to Rs184,537 per tonne in March. The new price included an excise duty of Rs85 per tonne.
Therefore, the producer price for an 11.8 kg bottle has been calculated at Rs 3,101.25 for April, compared to Rs 2,177.54 in March. This also included an oil tax of Rs 4,669 per tonne and an 18 per cent general sales tax (GST) of Rs 40,091, up from Rs 26,552.94 in March.
For the consumer price, marketing (Rs 17,000), distribution (Rs 10,000) and transportation (Rs 8,000) margins totaling Rs 35,000 per tonne have been added to the maximum producer price, in addition to an additional GST of 18% (Rs 6,300 per tonne on this margin).
The maximum price of LPG for the end consumer has been fixed at Rs 304,117.53 per tonne or Rs 3,588.59 for a domestic cylinder of 11.8 kg for April, compared to Rs 225,837 per tonne or Rs 2,664.88 for a cylinder of 11.8 kg in March. The notification states that the new prices will remain in effect until April 30.
Ogra reported that compared to the previous month, the Saudi Aramco-CP increased by 44%, while the average dollar exchange rate slightly decreased by 0.11%, resulting in an increase in the consumer price of LPG by Rs 923.71 per 11.8 kg cylinder (34.66%).
