The price of Liquefied Petroleum Gas (LPG) has been slashed by Rs 12 per kg on Monday. The commodity is down by $111 per tons resulting into decrease in the locals markets. Confirming the cut in prices, OGRA said that the notification to this effect would be issued on February 3. Now there is a decrease of Rs133 in domestic cylinder per kg, while Rs 532 per kg in commercial cylinder.