The price of imported liquefied petroleum gas (LPG) has come down in the country as Saudi Aramco has set its September contract price for the commodity at $773 per ton, a reduction of $21.
All Pakistan LPG Distributors Association Central Chairman Abdul Hadi Khan, in a statement, suggested that LPG prices in Pakistan should also be reduced according to the drop in the international market to ensure easy availability of gas to the consumers.
According to the statement, the price of imported LPG in Pakistan has dropped Rs2,100 per ton, which will result in a decrease of Rs2 per kg. The price of 11.8kg cylinder will fall Rs25 while 45.4kg cylinder will cost Rs96 less.
Hadi believed that LPG demand in the domestic market would increase 10% to 15%, underscoring the need for an increase in production of the commodity.
Published in The Express Tribune, September 2nd, 2014.
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