ISLAMABAD: The government on Tuesday reduced the price of Liquefied Petroleum Gas (LPG) by Rs 11.88 per kg.
The new price of LPG per kg has been set at Rs 238.46, according to which a domestic cylinder of LPG has become cheaper by Rs 140.18.
The LPG price reduction notification has also been issued, the new price of LPG will be applicable from May 1. After the reduction in price, a domestic cylinder of LPG has been reduced by Rs 140. 18.
The new price of 11.8 kg domestic LPG cylinder has been fixed at 2813.85.
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Earlier, Prime Minister Shehbaz Sharif expressing satisfaction over the disbursement of $1.1 bln final tranche by the International Monetary Fund (IMF) expressing the hope that the funds would help bring economic stability to the country.
On Monday, the IMF Executive Board completed the second review under the Stand-By Arrangement (SBA) for Pakistan, allowing for an immediate disbursement of around $1.1 billion, bringing total disbursements under the arrangement to around $3 billion.
The IMF and Pakistan had reached the Staff Level Agreement on the second and final review on March 20, 2024 for the remaining $1.1.
