LPG producers refute price hike claims

‘Prices have not changed since November 3’

KARACHI: Contrary to recent press reports, producer prices of locally produced liquefied petroleum gas (LPG) have not been increased, according to LPG producers.

Jamshoro Joint Venture Limited (JJVL), one of Pakistan’s largest LPG producers, has refuted news reports that prices had been increased by Rs8 per kilogramme.

“Producer prices have remained unchanged since the last revision on November 3,” said a spokesman for JJVL. “Prices are revised on a monthly basis,” he said. JJVL claims that inclusive of taxes and duties, its current ex-plant price for November was Rs72,639 per ton and Rs60,939 per ton for October. The ex-plant price notified by Pak-Arab Refinery Company and the Oil and Gas Development Company for the current month is Rs79,425 per ton.

“JJVL’s producer price is lower than the prices notified by state-owned LPG producers,” said the spokesperson. “We are importing product on a regular basis to ensure stability in prices,” he added.

Published in The Express Tribune, November 17^th, 2010.