KARACHI: After three days of silence, marketing companies have once again increased the rate of Liquefied Petroleum Gas (LPG). The raise this time around is by Rs4 to 5 per kilogramme (kg), according to statement issued by the All Pakistan LPG Distribution Association.
It said that after the increase, price of LPG in Karachi touches Rs99-100 per kg while price of a cylinder of 11.8 kg rose to Rs1,010-1,020 and 45.4 kg cylinder to Rs4106.
In Lahore the price stands at Rs100-101 per kg and prices of cylinders of 11.8 kg and 45.4 kg reached to Rs1,060-1,070 and Rs4106, respectively.
In Khyber-Pakhtunkhwa LPG prices jumped to Rs103-104 per kg whereas prices of cylinders of 11.8 kg and 45.4 kg rose to Rs1,208-1,230 and Rs4,677 respectively.
All Pakistan LPG Distributers Association Chairman Abdul Hadi Khan has said that after availability of LPG to consumers as an automobile fuel, its demand had doubled but its production stayed limited which caused hoarding thus inflating the price.
He said that marketing companies have increased prices after selling their surplus stock as local producers were not feeding them LPG according to their demand. He alleged that instead of supplying more to match demand, local producers have cut production by 40%. He demanded the government to curb this dilemma and scrap the 16% general sales tax over LPG imports to end the monopoly of local producers.
Published in The Express Tribune, May 29th, 2012.
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