OGRA Cuts Patrol - Gas prices again

[Imran Khan]

good news: OGRA cuts POL/CNG/gas prices

Updated 4 hours ago
From Web Edition

[Good news: OGRA cuts POL/CNG/gas prices]




ISLAMABAD: Oil and Gas Regulatory Authority (OGRA), through a notification issued Saturday, announced a major decline in prices of petroleum products, CNG and also gas for domestic consumers effective from July 1.



In a second major reduction in two months, OGRA has brought down the price of petrol by Rs5.2 per litre to Rs84.49 while diesel was made cheaper by Rs2.48 to Rs97.21 and HOBC by Rs6.44 Rs106.88.



The rate of light diesel has been slashed by Rs2.86 to Rs83.71 and kerosne oil Rs2.54 to Rs86.25.



According to the OGRA notification, the prices of Compressed Natural Gas (CNG) has also been decreased. In Region-1 that covers Potohar, Khyber Pakhtunkhwa and Balochistan, the rate of CNG has been eased by Rs4.59 per kilogram to Rs77.36.



In Punjab and Sindh that forms Region-2, the rate of CNG declines by Rs4.20 per kg to Rs70.63.



OGRA also announced decrease of up to 51.77 percent in gas tariff for domestic consumers. However, the tariff has been raised for the industrial and power sector with the exemption of CNG sector for which gas has been made cheaper. Morever, the fertilizer sector will continue to receive gas at the existing rate.



The industrial and power sector will now get gas at an increased rate of Rs560 per MMBTU compared to the previous price of Rs507.86.


Good news: OGRA cuts POL/CNG/gas prices - thenews.com.pk

 

[get straight]

is this the face saving tactics of raja rental?

 

[Imran Khan]

is this the face saving tactics of raja rental?

its because in international market prices of crude oil fall down .

 

[Fracker]

its because in international market prices of crude oil fall down .

If this was the case then petrol should be at 56 Rs (Since in 2007, international market touched 130 dollar/barrel and in pakistan it was 48)

 

[Donatello]

its because in international market prices of crude oil fall down .

....no...........Elections are fast approaching.....

 

[VCheng]

If this was the case then petrol should be at 56 Rs (Since in 2007, international market touched 130 dollar/barrel and in pakistan it was 48)

.... and if the rupee had the same value as it did in 2007.

Please do not forget the contribution of a smaller rupee to domestic inflation.

 

[Hyde]

If this was the case then petrol should be at 56 Rs (Since in 2007, international market touched 130 dollar/barrel and in pakistan it was 48)

The answer is already given by Imran Khan and Vcheng

In 2008, the price of the dollar was around 60 rupees per dollar... - now do the maths again and you will realize that the 84 rupee per litre is 60 rupees of 2008... slightly cheaper I guess