Parco: LPG price cut by Rs5,000 per ton

ISLAMABAD:

State-owned Pak Arab Refinery Company (Parco) has reduced liquefied petroleum gas (LPG) base stock price by Rs5,000 per ton with effect from Tuesday.

After the reduction, the retail price of LPG will come down by at least Rs5 per kilogramme.  “LPG producer prices in the domestic market are now lower by Rs8,000 per ton compared to the Saudi Aramco contract price for May, which has also dropped by $130 to settle at $830 per ton,” said Belal Jabbar, spokesman for the LPG Association of Pakistan.

The new Parco price is Rs70,000 per ton, excluding duties and taxes, whereas the Saudi price is equal to Rs78,000 per ton. In Punjab, the retail price is expected to fall from Rs115 to Rs105 per kg, in Sindh from Rs110 to Rs105, in AJK from Rs120 to Rs115 and in Northern Areas from Rs130 to Rs125.

Published in The Express Tribune, May 1^st, 2012.