LPG prices drop once again

Published: May 3, 2012

LPG prices have declined by more than 30% since March and are currently at their lowest level since October last year. PHOTO: CREATIVE COMMONS

KARACHI: Liquefied petroleum gas (LPG) producers have slashed prices by Rs3,800-5,800 to Rs81,300 per ton in the country following fall in international prices, said All Pakistan LPG Distributors Association Chief  Abdul Hadi Khan here on Wednesday.

He welcomed the decision and said that after the decrease of price at production level, LPG’s retail price has been reduced to Rs100-101 per kg in Sindh, Rs104-105 per kg in Punjab, Rs108-109 per kg in Khyber Pukhtunkhwa, Rs110-111 per kg in other northern areas and Rs112 in Azad Jammu Kashmir (AJK).

LPG prices have declined by more than 30% since March and are currently at their lowest level since October last year.

Khan also said that Pakistan can overcome energy challenges by enhancing production of LPG and decreasing its prices within the reach of common consumers so it can be consumed as an economical automobile fuel.

Khan pointed out that LPG sales stands at 45% against production due to higher prices. The new prices will be in effect from May 3, 2012.

He also underlined the need for increasing LPG production which has been stagnant at 900 to 1,100 tons per day.

Published in The Express Tribune, May 3rd, 2012.

Reader Comments (1)

  • Tariq
    May 3, 2012 - 12:44PM

    Good decision. Now the Finance Ministry should also deregulate pricing of other petroleum products and get rid of the IFEM whereby petrol/diesel prices in Karachi would be 10% lower than upcountry.

    Recommend

More in Business