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Express Tribune
4 days ago
- Business
- Express Tribune
Petrol price up by Re1, LPG down by Rs4.62/kg
Listen to article The federal government has raised the petrol price by Re1 for the next fortnight, while keeping the high-speed diesel rate unchanged. The new prices will be applicable from June 1. According to a notification issued by the Finance Department, petrol will now be sold at Rs253.63 per litre while high speed diesel (HSD) will continue to be sold at Rs254.64 per litre. The finance ministry said that the prices were based on recommendations from OGRA and other relevant ministries. The government is focusing more on collecting petroleum levy on petroleum products to redirect to subsidize electricity prices. It had earlier decided to fund Rs1.70 per unit subsidy for the consumers of electricity by redirecting PL collection. It also later decided to redirect PL collection to fund canal and road projects in Balochistan province. The government has already decided to increase the petroleum levy rate up to Rs90 per litre on the sale of oil products. At present, the consumers are paying Rs78 per litre in petroleum levy on petrol and Rs77 per litre on diesel. LPG The Oil and Gas Regulatory Authority (Ogra) has reduced the price of Liquefied Petroleum Gas (LPG) for June 2025 in response to fluctuations in the global market. According to an Ogra notification, the new consumer price of LPG has been set at Rs2,838.31 per 11.8 kg cylinder, down from Rs2,892.91 in May. This reflects a decrease of Rs54.60 per cylinder, or Rs4.62 per kilogram. The regulator attributed the price reduction to a 2.67% drop in the Saudi Aramco Contract Price (CP), which directly impacts local LPG producer rates. Additionally, a slight 0.35% increase in the average dollar exchange rate was recorded. For June, Ogra has set the revised producer price at Rs199,234.49 per ton, which stood at Rs203,861.82 in May - causing a decline of Rs4,627.33 per ton. Irfan Khokhar, Chairman of the All Pakistan LPG Distributors Association, welcomed the reduction in LPG prices and urged the government to ensure that the official price set by Ogra is strictly enforced.
Express Tribune
16-05-2025
- Politics
- Express Tribune
LPG safety bill in limbo for past two years
Listen to article Despite losing hundreds of lives in LPG blasts across the country, the law ministry has been reluctant to clear Ogra's LPG Industry Amendment Bill for the last two years, which envisages strict penalties, including imprisonment. The Oil and Gas Regulatory Authority (Ogra) has proposed 10 years of imprisonment along with a Rs10 million fine. Secondly, the regulator has proposed 14 years of imprisonment with Rs15 million fine for those involved in cases of liquefied petroleum gas (LPG) cylinder and browser blast. According to LPG industry officials, they have written letters multiple times to the law ministry, but it has not moved to save the lives of people from substandard LPG cylinders and bowsers. Ogra had submitted a draft bill to the law ministry two years ago, but it is still pending with no progress to date. The LPG Distributors Association of Pakistan, in a letter sent to the prime minister, has said that there is no proper legal framework to ensure safety in the LPG industry. Existing laws carry negligible penalties for illegal practices. In the letter, the LPG Association expressed concern over the continued delay in the Ogra amendment bill by the law ministry and demanded that Minister for Law and Justice Azam Nazeer Tarar take prompt action on the matter. Incidents are occurring frequently due to the mixing of CO2 in LPG and those involved in this hazardous malpractice are being let off without punishment. The association has urged the Ministry of Law and Justice to present the proposed amendments to the bill in parliament, noting that strict penalties have been recommended for those responsible. If the bill is not tabled soon, the association warned it would be compelled to protest. In a video statement, Association Chairman Irfan Khokhar said that two explosions and four fatalities occur every day due to this issue. He noted that more than 36 letters have been sent to government bodies and the Ministry of Law, highlighting the delay in passing the bill. He cited incidents such as the tragic bowser explosion in DG Khan and the casualties from bowser blasts in Hyderabad last year. Khokhar further stated that in recent days five people lost their lives in an LPG explosion in Lahore. "We respectfully urge the immediate approval and implementation of the pending bill regarding petroleum and explosive materials, with a clear and enforceable ban on the manufacture and sale of substandard LPG cylinders, bowsers and valves across Pakistan. The continued operation of illegal and non-compliant manufacturers has led to frequent explosions, severe injuries and tragic loss of life."
Business Recorder
15-05-2025
- Politics
- Business Recorder
Law ministry yet to verify Ogra's ‘LPG Industry Amendment Bill'
ISLAMABAD: Ministry of Law and Justice has yet to vet the Oil and Gas Regulatory Authority's (Ogra's) LPG Industry Amendment Bill which has been laid there for the last two years. The Oil and Gas Regulator proposed up to 14 years' imprisonment with Rs 15 million fine for those involved in substandard LPG cylinders manufacturing and browser blast. The LPG Distributors Association of Pakistan in a letter sent to prime minister has said that there is no proper legal framework to ensure safety in the LPG industry. In the letter, the LPG Association expressed concern over the continued delay in the Ogra amendment bill by Law Ministry and demanded that the Minister for Law and Justice, Azam Nazeer Tarar, should take prompt action on the matter. Incidents are occurring frequently due to the mixing of CO2 gas in LPG, and those involved in this hazardous malpractice are being let off without punishment. The association has urged the Ministry of Law and Justice to present the proposed amendments to the bill in Parliament, noting that strict penalties have been recommended in the bill for those responsible. If the bill is not tabled soon, the association warned it would be compelled to protest. Association Chairman Irfan Khokhar said that two explosions and four fatalities occur every day due to this issue. He cited incidents such as the tragic bowser explosion in DG Khan and the severe casualties from bowser blasts in Hyderabad last year. Khokhar stated that, in recent days, five people lost their lives in an LPG explosion in Lahore. Copyright Business Recorder, 2025
