OGRA said that the LPG producer price is linked with Saudi Aramco-CP and the US Dollar exchange rate.
OGRA Increases LPG Price for February. The Oil and Gas Regulatory Authority (OGRA) has increased the price of indigenous liquefied petroleum gas (LPG) by Rs. 1.16 per kg, increasing the price of 11.8 kg domestic cylinders by Rs. 13.76 for February 2024.
In a notification issued on Wednesday, the regulator set the consumer price of LPG at Rs. 257.59 per kg for February compared to Rs. 256.4 in January. The 11.8 kg domestic cylinder price for consumers has been set at Rs. 3,039.63 for February 2024 compared to Rs. 3,025.87 in January.
In a short statement, OGRA said that the LPG producer price is linked with Saudi Aramco-CP and the US Dollar exchange rate. As compared to the previous month Saudi Aramco-CP has increased by 1.6 percent.
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The average Dollar exchange rate has however gone down by 1 percent resulting in an increase in LPG consumer price by Rs. 13.76/11.8 kg cylinder (0.45 percent), it added.
Kashmir Day: State Bank of Pakistan announces bank holiday on February 5
The State Bank of Pakistan has declared a bank holiday on Monday, February 5, 2024 on account of Kashmir Day.
On January 26, the federal government announced that February 5, also known as Kashmir Day, would be observed as a national holiday. According to a notification from the Cabinet Division, a one-minute silence will be observed nationwide at 10am.
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