Ogra notified the retail price of CNG and reduced the prices of petroleum products by margins ranging between Rs1.24 and Rs1.77 per litre in August. photo by (News Alart)
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday notified for the first time the retail price of compressed natural gas (CNG) and reduced the prices of petroleum products by margins ranging between Rs1.24 and Rs1.77 per litre in August.
According to the notification, CNG prices were reduced by 37 paisa to Rs49.73 per kilogram for the NWFP, Balochistan and the Potohar region, including Rawalpindi, Islamabad and Gujarkhan.
However, prices for Sindh and Punjab, excluding the Potohar region, have been increased by 54 paisa to Rs48.54 per kilogram.
However, prices for Sindh and Punjab, excluding the Potohar region, have been increased by 54 paisa to Rs48.54 per kilogram.
The gas prices are adjusted on a six monthly basis in July and January. However, Ogra had not issued CNG prices in July because of a lack of mechanism.
Earlier, CNG prices were determined by dealers after the sector was deregulated. New prices would remain applicable till December this year if there was no increase in electricity tariff.
Meanwhile, price of petrol for August has been slashed by Rs1.66 to Rs60.47 per litre. The price of HOBC has been cut by Rs1.77 to Rs77.01 per litre, kerosene by Rs1.44 to Rs57.91 per litre and light diesel oil by Rs1.67 to Rs53.27.
Meanwhile, price of petrol for August has been slashed by Rs1.66 to Rs60.47 per litre. The price of HOBC has been cut by Rs1.77 to Rs77.01 per litre, kerosene by Rs1.44 to Rs57.91 per litre and light diesel oil by Rs1.67 to Rs53.27.
Oil marketing companies have also reduced diesel prices to Rs61.41 per litre.
Similarly, domestic airlines could now buy JP-1 for Rs44.38 after a reduction of Rs1.44 per litre while foreign airlines and cargo flights would pay Rs38.26 a litre. The price of JP-4 has been cut by Rs1.09 to Rs41.96 per litre.
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