OGRA Lowers LPG Prices from January 2025
A welcome relief for the consumers, Oil and Gas Regulatory Authority (OGRA) has announced a reduction in the rate of Liquefied Petroleum Gas (LPG). The new rates effective from January 1, 2025, are expected to reduce the burden on homes and businesses which rely on LPG for electricity.
LPG Rate Cut Through Rs4.02 Per Kilogram
By means of a particularly valuable notification released on Tuesday, LPG price has been cut down to an extent of Rs4.02 per kilogram. This makes the fresh rate stand at Rs250.28 per kilogram. It was Rs254.3 per kilogram, according to December 2024. This cut reflects the commitment of OGRA to enable it to ensure the affordability of customers at a time when power markets are showing their vulnerability with fluctuations.
Domestic Cylinder Prices Drop
The charge adjustment additionally advantages customers of the trendy home LPG cylinder. The 11.8-kilogram cylinder, which value Rs3,079 in December, will now be on hand for Rs2,953. This marks a minimize of Rs47.43 per cylinder, imparting much-needed monetary alleviation for households throughout the country.
Timing and Context
OGRA Lowers LPG Prices was given just days before the petroleum price is estimated to rise, which is supposed to be released on January 1, 2025. With this LPG price reduction, OGRA appears to be cushioning the shock of potential increases in other energy expenses.
Historical Comparison
For perspective, December 2024 observed LPG at Rs254.3 per kilogram, with the home cylinder at Rs3,079. The progressive cut continues OGRA’s tradition of responsive tweaks meant to balance market forces and consumer interests. The new charges stand to benefit hundreds of millions of consumers, most especially in the rural and remote areas where LPG is an essential source of power.
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