The Oil and Gas Regulatory Authority (OGRA) has slashed the prices of the Liquefied Petroleum Gas (LPG) by Rs. 150 per 11.8 kilogram cylinder in a bid to provide relief to household consumers.
In this regard, OGRA has issued a notification stating that an 11.8Kg household cylinder will cost Rs. 1530.17 this month as compared to Rs. 1680.21. The decrease in prices came a day after the government announced a decrease in the prices of petroleum products for this month.
In the case of petrol, the price has been slashed to Rs. 111.60 and for high-speed diesel to Rs. 122.26, a reduction of Rs. 5 each. Light diesel has seen its price fall to Rs. 77.51, a decrease of Rs. 7. The prices came into effect from 1st March.
The fall in prices is due to the decrease in oil prices at the international level.