The price of Liquefied Petroleum Gas (LPG) surged to Rs10 per kilogramme (kg) on Thursday. The LPG Association President Bakht Munir from Khyber-Pukhtoonkhwa said that the LPG marketing companies have raised the prices, due to which the domestic cylinder prices have touched Rs120 and commercial cylinder costs Rs480.
The marketing companies have inflated the prices the second time during Ramazan due to which the public is facing a lot of burden, Munir added. A shipment of LPG carrying 2,500 tons arrived on July 17 to cater to the strong demand in Ramazan. LPG imports typically increase in Ramazan as four to five cargoes arrive to meet the heightened demand. Domestic production of LPG stands at 1,200 tons compared to demand which is expected to reach 1,500 tons.
Published in The Express Tribune, July 27th, 2012.