LPG Price Increase in Pakistan for December 2024
The Oil and Gas Regulatory Authority (OGRA) announced an increase in the price of Liquefied Petroleum Gas (LPG) throughout Pakistan for December 2024. The price has been raised by PKR 1.32 per kilogram, setting the new price to PKR 254.30, according to an official notification by OGRA.
This increase translates to a new cost of PKR 3,079 for an 11.8 kg domestic LPG cylinder. In November, the same cylinder cost PKR 2,999.47, reflecting an upward adjustment of PKR 79.53.
Anticipated Petrol and Diesel Price Revision in Pakistan
The Pakistani government is also expected to revise the petrol and diesel prices in Pakistan during the upcoming fortnightly review for December 2024. The revised petroleum prices are expected to be announced on Saturday night and will take effect from December 1 to 15.
According to reports, the prices of petrol are expected to go up by PKR 3.15 per liter, diesel by PKR 3.20 per liter, and kerosene oil by PKR 4 per liter. The reason for the hike in prices is attributed to the fluctuation in global crude oil prices.
The new rates will be announced following consultations between Finance Minister Muhammad Aurangzeb and Prime Minister Shehbaz Sharif.
Currently, petrol is priced at PKR 248.38 per liter, high-speed diesel at PKR 255.14 per liter, light diesel oil at PKR 147.51 per liter, and kerosene at PKR 161.54 per liter.
These anticipated changes are expected to impact both consumers and industries as global oil price volatility continues to influence domestic markets.