LPG price slashed by Rs13 per kg

Dealers seek 50% reduction in poor man’s fuel

ISLAMABAD:

The consumers of liquefied petroleum gas (LPG) have got good news following the massive increase in petroleum product prices.

The Oil and Gas Regulatory Authority (Ogra) has slashed the price of LPG by Rs13 to Rs218.76 per kg.

Now, the domestic cylinder will be sold for Rs2,581.35 and the commercial cylinder will be available at Rs9,931.65.

The LPG Industries Association of Pakistan said that keeping in view the efforts of the government to provide relief to the masses, further reduction could be made in the LPG price. “The current official rate can be slashed by about Rs100 per kg, or around 50%.”

Association Chairman Irfan Khokhar, in a statement, said that the task could be achieved by following the formula proposed by the LPG association.

He called for fixing the LPG producer base price at Rs40,000 per ton. He also underlined the need for increasing the domestic LPG production, pointing out that Asia’s largest plant, Jamshoro Joint Venture Limited (JJVL), which had been closed for two years and caused losses of Rs50 billion to the national exchequer, should be started immediately.

Khokhar stressed that LPG was 45% cheaper than petrol and diesel, which could be made cheaper by approximately 60-65% for the poor consumers.

The government could provide relief to the people immediately as it could reduce the LPG price without putting any burden on the national kitty, he said.

“Reduction in the price for Pakistan’s five largest LPG producers and making LPG affordable for the poor consumers will lead to a marked reduction in deforestation, thus the dream of greener Pakistan will also come true.”

Published in The Express Tribune, June 1^st, 2022.

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