Business
OGRA Denies Reports of LPG Price Increase – SUCH TV
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has rejected reports circulating in the media about a rise in Liquefied Petroleum Gas prices.
In an official circular, OGRA clarified that no new notification has been issued regarding LPG prices.
The authority stated that LPG prices are officially revised only on the first day of every month.
The clarification came after some media outlets reported that LPG prices had increased by up to Rs100 per kilogram in different areas.
OGRA termed such claims false and misleading.
Advisory for Consumers
Purchase LPG only at the official prices fixed by OGRA
Report overcharging to the local administration immediately
Avoid relying on unverified news regarding fuel price changes
Commitment to Price Transparency
OGRA reiterated that it remains committed to maintaining transparency and regulating LPG prices across the country to protect consumers from exploitation.
Officials warned that action could be taken against distributors or retailers found charging more than the official rate
Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative offshore bets on the rupee must now be disclosed. Banks now must report detailed transaction data-size, counterparty, maturity, and structure-no later than two working days, though trades below $1 million and certain already-reported or internal hedging transactions are exempt.
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