OGRA reduces LPG price for domestic consumers

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Saturday announced a reduction in the price of Liquefied Petroleum Gas (LPG), cutting the price by Rs4.62 per kilogram per cylinder effective from May 1, 2025.

According to the OGRA notification, the new LPG rate has been set at Rs240.43 per kg. The price for 11.8kg domestic cylinder has been reduced by Rs54.60. The overall price of domestic cylinder has been reduced from Rs2,892 to Rs2,838, the notification said.

On the other hand, the price of gold per tola declined by Rs1,400 across the country on Saturday.

According to the Sindh Sarafa Bazaar Jewellers’ Association, the latest decrease took the per tola price of gold to Rs347,200.

The price of 10 grams of gold also decreased by Rs1,200, reaching Rs297,668.

In the international market, gold prices eased earlier after US President Donald Trump set a July 9 deadline for a trade deal with the European Union, rescinding his earlier threat of a 50 per cent tariff from June 1.  

Spot gold was down 0.3 per cent at $3,346.59 an ounce, as of 0312 GMT. US gold futures fell 0.6 per cent to $3,345.70.

Meanwhile, Pakistan’s short-term inflation saw a slight drop in the week ending May 29, with prices falling for key essentials such as electricity, chicken and cooking gas, according to official data released on Friday.

The Sensitive Price Indicator (SPI), which measures weekly price changes in a fixed basket of goods, declined by 0.81 per cent compared to the previous week, the Pakistan Bureau of Statistics (PBS) said. However, on a year-on-year basis, the SPI recorded a modest increase of 0.41 per cent.

During the latest week, prices of 14 out of 51 monitored items went up, 10 declined, and 27 remained unchanged.

The weekly drop was mainly driven by a sharp 10.10 per cent reduction in electricity charges. Chicken prices also tumbled by 8.51 per cent, while LPG became cheaper by 2.67 per cent. Minor declines were also noted in powdered milk, vegetable ghee, wheat flour, sugar, garlic and a few pulses.