LPG prices surge by Rs9.6 per kg

KARACHI: Liquefied petroleum gas (LPG) prices have increased by Rs9,594 per ton, taking the retail price to Rs95 per kg with an increase of Rs9.6 per kg.

According to the chairman of FPCCI Standing Committee on LPG and All Pakistan LPG Distributors Association, Hadi Khan, the price of 11.8kg cylinder has been increased by Rs113 to Rs1,035 and 45.4kg cylinder by Rs436 to Rs3,976 in Karachi.

In Lahore, LPG price stood at Rs103 per kg, for 11.8kg cylinder at Rs1,108 and for 45.4kg cylinder at Rs4,266. In Peshawar, LPG was selling at Rs108 per kg and in the Federally Administered Tribal Areas (Fata) at Rs112 per kg. Hadi said the distributors would stop purchasing LPG if the increase in prices was not withdrawn by the producers over the next 10 days. The distributors have also urged the petroleum minister to withdraw the 17 per cent sales tax on LPG import which will stabilise prices.

He claimed the consumption of LPG in winter rises to 1,900-2,000 tons per day compared to domestic production of 1,400 to 1,500 tons, leaving a gap of 500 tons.

Published in The Express Tribune, November 4^th, 2010.