ISLAMABAD: Following an increase in the Saudi Aramco contract price for gas, the retail price of liquefied petroleum gas (LPG) in Pakistan is likely to be increased by Rs19 per kg from next month.
“Local LPG producer prices are expected to rise by Rs19,000 per ton with effect from September 3,” forecast Belal Jabbar, spokesman for the LPG Association of Pakistan.
The new Saudi price for September has been fixed at $946 per ton, an increase of $171 compared to the price for August. The price hike has been primarily due to the recent surge in oil prices and stockpiling of LPG by energy-hungry China and other developing countries.
“The increase in Saudi prices is likely to push up retail prices in Pakistan by Rs19 per kg. The price for domestic (11.8kg) and commercial (45.4kg) cylinders will rise by Rs224 and Rs863 respectively,” Jabbar said.
In Sindh and Balochistan, the retail price of LPG is expected to reach Rs129 per kg, in Punjab Rs139 per kg and in AJK and northern areas Rs145 per kg.
The government, which is the largest producer of LPG in the country, will be the major beneficiary of the increase in prices.
Published in The Express Tribune, August 30th, 2012.
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