LPG price goes up by Rs 46/kg
LPG Distributors Association Chairman Irfan Khokhar terms the price hike as illegal.
ISLAMABAD (Dunya News) - LPG price has been increased by Rs 46 per kilo, with household cylinder getting expensive at Rs 541 and the commercial cylinder dearer at Rs 2082.
LPG distributors’ Association Chairman Irfan Khokhar lambasted the fresh increase by LPG companies without the permission and clearing by OGRA, demanded Prime Minister and OGRA (Oil and Gas Regulatory Authority) to take notice of this outrage.
According to market sources, LPG and other fuel prices are linked with Saudi Aramco prices in Pakistan. The Saudi Aramco contract price of the commodity with the start of November has touched $900 per ton from $840 per ton, while local producers have not matched the local prices with the Saudi Aramco prices and retained at $840 per ton on the instruction of the federal government.
Local production stands at 1,300 tons per day, while local LPG marketing companies are purchasing the commodity from producers at Rs 104,000 per ton including all taxes, LPG marketing companies are supplying the commodity to retailers at Rs 120,000 per ton while retailers are selling at around Rs 160,000 per ton.
This shows that LPG retailers are earning Rs 40 on per kg, while marketing companies are charging Rs 16 per kg including transposition and other expenditure.
