The Oil and Gas Regulatory Authority (Ogra) has increased the price of Liquefied Petroleum Gas (LPG) by Rs 6 per kg, domestic cylinder by Rs 71 and commercial by Rs 273, Irfan Khokhar, Chairman LPG Distributors Association of Pakistan said in a statement on Wednesday.
He said according to the notification issued by Ogra the new price of gas for domestic users in Karachi would be Rs 85 per kg and in Lahore and Gujranwala Rs 105 per kg. While in Rawalpindi, Islamabad, Bahawalpur, Multan, Rahimyar Khan, Sargodha, Mandi Bahauddin, Sadiqabad, Hyderabad, Jhang, Jhelum, Mianwali the price will be Rs 115 kg and the overall price of a domestic cylinder in these cities will now be Rs 1307. In Azad Kashmir, Swat and Gilgit the new price will be Rs 120 per kg and the domestic cylinder in these areas will now be available at Rs 1366.
via Business Recorder
LPG, OGRA
LPG, ogra, prices
In our last post, we highlighted the lack of control of OGRA over the LPG price dynamics. Now, OGRA has taken notice of the situation and have warned all LPG marketing companies to refrain from overcharging practices and follows the authority fixed prices. This dawn news report gives the details:
Oil and Gas Regulatory Authority on Friday fixed the maximum consumer price for liquefied petroleum at Rs95 per kg and issued stern warning to LPG marketing companies involved in price manipulation.
The authority fixed the maximum reasonable consumer price of locally produced LPG at Rs80 per kg and for imported LPG at Rs95 per kg. It also determined the price for mix of local and imported LPG at Rs82.71 kg.
The prices are applicable for all the urban and rural areas of the country except AJK, Fata and Gilgit-Baltistan where additional Rs30 for an 11.8-kg cylinder may be added to each type of LPG due to higher transportation cost.
Taking advantage of the leniency of the regulator, the LPG marketing companies and LPG distributors are selling the fuel at exorbitant rates up to Rs135 per kg in some parts of the country.
Read more…
Gas, LPG, OGRA, Pakistan
LPG, ogra, Pakistan, prices
The state oil company, PSO already in litigation along with Petrosin over the auto-gas deal, it has now being disclosed by the company MD that a power group is involved in supply scams involving selling of cheap oil ahead of monthly price adjustments.
Here is an excerpt that appeared in Dawn News today.
A fresh scam in the oil supply chain surfaced on Thursday when the management of state-run Pakistan State Oil (PSO) officially confirmed that a powerful group in the company was involved in selling cheap oil to influential dealers ahead of monthly price adjustments to enable them to charge higher rates from consumers.
As the managing director of the country’s largest oil supplier, Mr Irfan Qureshi, broke the news before the National Assembly’s Standing Committee on Petroleum and Natural Resources, the committee’s chairman, Shaikh Waqas Akram, demanded an inquiry and its report within a week to identify officials involved in manipulating the supply chain to the benefit of dealers.
Mr Qureshi told the committee that PSO officials were found providing petroleum products to dealers on credit at the end of each month in anticipation of an increase in prices to earn a windfall at the cost of PSO. He said two officials had been held accountable for being involved in the malpractices and an inquiry had been in progress since April.
He said the practice had been going on for years and had now been brought to an end. He said six officials at the Lalpir depot had been suspended for embezzling Rs100 million. He said whenever the PSO took action against corrupt officials, courts reinstated them.
Read more: http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/front-page/powerful-group-in-pso-involved-in-supply-scams-370
Fuel, Infrastructure, Oil, PSO, Pakistan
oil, prices, PSO, scam, supply
