Govt raises LPG price by Rs17.87/11.8kg for December

ISLAMABAD: The government has increased the price of local liquefied petroleum gas (LPG) by Rs17.87 to Rs1,513.69 per 11.8/kg cylinder for December.

The new prices would come into effect from December 1.

The Oil and Gas Regulatory Authority (OGRA) notified the new prices, under which the LPG price has been increased by 1.51/kg to Rs128.27/kg.

For November, OGRA had notified LPG price at Rs1,495.86/cylinder or Rs126.76/kg.

The producers’ price of LPG (propane 40 percent and butane 60 percent) has been determined at 69,971.31/ton, compared with 58,680/ton in November.

This price included excise duty of Rs85/ton, while excluding the petroleum levy.

Under this head, the producer price of Rs825.66/11.8kg cylinder has been worked out.

Marketing/distribution margin has been set at Rs35,000/ton or Rs413/cylinder, a petroleum levy of Rs4,669/ton would also be charged, which would translate into Rs55.09/cylinder.

Prior to the imposition of general sales tax (GST), the consumer price would be Rs109,640.3/ton, compared with Rs108,349/ton in November, while the price of 11.8kg cylinder is Rs1,293.75.

Additionally, a GST of 17 percent on Rs109,640.3/ton would be Rs18,638.85 or Rs219.94 for a cylinder.

The final price per ton would be Rs128,279.16/ton or Rs1,513.69/cylinder.

Since July, LPG price is hovering in between Rs1,327.76 and 1,513.69/cylinder.

In July, the government notified LPG price at Rs1,330.92/cylinder, August Rs1,350.03, September 1,327.76, October Rs1,475.63, November 1,495.86 and for the month of December, the government has determined it at Rs1,513.69/cylinder.