OGRA warns agains­t sellin­g gas at higher-than-notifi­ed prices­ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday increased the price of locally produced liquefied petroleum gas (LPG) by Rs95 per 11.8kg cylinder for March 2019. According to a notification issued by Ogra, the new price of 11.8kg domestic cylinder will be Rs1,522.65, which would be applicable in March, compared to Rs1,427.63 per cylinder for February. However, contrary to the government’s notified prices, LPG is being sold at exorbitant rates across the country due to weak administrative control of relevant state departments. Marketing and distribution margins have been set at Rs35,000 per ton and Rs413 per 11.8kg cylinder, and petroleum levy at Rs4,669 per ton and Rs55.09 per cylinder. With the levy of 17% GST, Rs18,749.15 will be added to the per-ton price of LPG and in the case of 11.8kg cylinder, the addition will be Rs221.24.

Source: The Express Tribune March 01, 2019 13:07 UTC