LPG prices skyrocket due to shortage

High demand, supply shortage allowed prices to skyrocket with imminent LPG crisis

KARACHI: Federation of Pakistan Chambers of Commerce and Industry Standing Committee on LPG Chairman Irfan Khokhar said on Wednesday that liquefied petroleum gas (LPG) prices were increasing rapidly as rates in Lahore reached Rs100 per kilogramme within four years.



LPG prices have been revised upwards for the third time in three days with increases of Rs5 for a kg, Rs60 on domestic cylinders and Rs240 on commercial cylinders. The total increase has now become Rs30 for a kg, Rs350 for domestic cylinders and Rs1,380 for commercial cylinders.



High demand and supply shortage had allowed the prices to skyrocket with imminent LPG crisis, Khokhar said.  “Local LPG producers are fleecing people due to the shortage and it will continue if LPG is not imported,” Khokhar claimed, adding protests would be organised in the near future.

Published in The Express Tribune, August 3^rd, 2017.

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