The Oil and Gas Regulatory Authority (Ogra) has decreased the liquefied petroleum gas (LPG) prices by Rs11.88 per kilogramme as the institution announced new rates for May.

In a notification on Tuesday, the authority fixed the per kilogramme consumer price of LPG at Rs238 for the upcoming month.

Moreover, an Rs140 decrease was seen in the rate of 11.8kg of the domestic cylinder. The new rate of the domestic cylinder is Rs2,813.

The government is scheduled to announce new prices of petroleum products as part of its fortnightly revision.

It is expected that the prices of petrol and high-speed diesel would be slashed up to Rs8.03 per litre due to a decline in international oil prices and premium rates.

According to an estimate, the federal government is expected to decrease the price of petrol by Rs4.88 per litre and HSD by Rs7.37 per litre in the petroleum price review for May 1-15, 2024. The rate of kerosene oil is also expected to be slashed by Rs8.03 per litre, and light diesel oil (LDO) by Rs5.37 per litre.