ISLAMABAD: The Oil and Gas Regulatory Authority on Wednesday dismissed circulating rumours about an increase in Liquefied Petroleum Gas prices, clarifying that no new price notification has been issued. OGRA spokesperson Imran Ghaznavi said the regulator has not revised LPG rates and the currently notified price remains in force across the country.
According to the regulator, LPG prices are officially notified once every month under the prescribed pricing mechanism and come into effect from the first day of each month. Any claims suggesting an immediate increase in LPG prices are therefore incorrect and misleading, the spokesperson stated.
OGRA advised consumers and retailers to strictly follow the officially notified rates and warned against overcharging in the domestic market. The authority urged citizens to report any instances of price manipulation or illegal profiteering to the local district administration so that swift action can be taken against violators.
The regulator reiterated its commitment to protecting consumer interests and maintaining transparency in the country’s LPG market. Officials said regulatory monitoring would continue to ensure that LPG marketing companies and distributors comply with pricing rules and supply standards.
The clarification comes at a time when global energy markets remain under pressure following escalating tensions in the Middle East. On February 28, the United States and Israel conducted joint airstrikes on Iran, after which Iran effectively blocked the Strait of Hormuz, one of the most critical global energy transit routes.
The closure has disrupted shipments passing through the narrow waterway, which normally carries about 20 million barrels of oil per day. The geopolitical crisis has already pushed petroleum prices higher in Pakistan, forcing the government to raise petrol and diesel rates by Rs55 per litre last week. Prime Minister Shehbaz Sharif has acknowledged that global fuel prices may rise further but assured the public that the government will attempt to shield consumers from the full impact of the surge.
