ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) announced a cut in Liquefied Petroleum Gas (LPG) prices on Saturday, slashing the rate by Rs4.62 per kilogram, effective from May 1, 2025.
As per the official notification, the new price of LPG stands at Rs240.43 per kg. The cost of an 11.8kg domestic cylinder has been reduced by Rs54.60, bringing it down from Rs2,892 to Rs2,838.
Meanwhile, gold prices saw a notable decline across Pakistan. According to the Sindh Sarafa Bazaar Jewellers’ Association, the per tola price dropped by Rs1,400, now standing at Rs347,200. Similarly, the price of 10 grams of gold fell by Rs1,200 to Rs297,668.
In global markets, gold prices softened after US President Donald Trump set a July 9 deadline for a trade agreement with the European Union, stepping back from an earlier threat of imposing a 50% tariff starting June 1. As of 0312 GMT, spot gold was down 0.3% at $3,346.59 per ounce, while US gold futures slipped 0.6% to $3,345.70.
On the inflation front, Pakistan’s short-term inflation dipped slightly for the week ending May 29. The Sensitive Price Indicator (SPI) showed a week-on-week decline of 0.81%, according to the Pakistan Bureau of Statistics (PBS), although it registered a slight year-on-year increase of 0.41%.
The weekly drop was largely attributed to a 10.10% decrease in electricity charges and an 8.51% fall in chicken prices. LPG prices declined by 2.67%, while slight reductions were also recorded in items such as powdered milk, vegetable ghee, wheat flour, sugar, garlic, and some pulses. Of the 51 items monitored, 14 saw price increases, 10 decreased, and 27 remained stable.
