The Petroleum and Gas Regulatory Authority (OGRA) notified on Saturday a decrease in the price of oil liquid gas (LPG) at RS4.62 per kilogram, or 1.88 percent for June.
The authority had announced a decrease in RS3.20 per kg for May.
According to the notification issued by the authority today, the new price for a 11.8 kg cylinder was RS2,838.31 for June against RS2,892.91 for May, which makes the cylinder cheaper in RS54.6 per kg.
He added that consumers would now pay RS240.53 per kg, and the price decreased from RS245.16 in May.
According to a separate press release issued by the department, Ogra said that the price of the GLP producer was linked to the Saudi Aramco-CP and the exchange rate in US dollars.
Compared to the previous month, the Saudi Aramco CP decreased by 2.67 percent, while the average exchange rate in dollars increased slightly by 0.35pc, which resulted in a decrease in the price of the LPG consumer in RS54.6 for 11.8 kg of cylinder.
The Government introduced a historical bill in the National Assembly aimed at digitally tracking oil products from import and production to retail sales in an attempt to stop smuggling and adulteration, which causes massive revenue losses estimated at RS300-500 billion annually in addition to affect the environment and vehicle engines.
The Petroleum Law (amendment), 2025, transferred by the Minister of Petroleum, Ali Pervaiz Malik, seeks to amend the Petroleum Law of 1934. The draft law provides for new clauses for monitoring based on the technology of the information of oil derived products to stop smuggling and initiate strict actions against illegal transport and the decantation of products derived from oil illegal gasoline pumps.
In a separate development, eight units involved in the illegal sale of LPG cylinders were sealed and fined with RS5,000 earlier this month.
