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our correspondent
Saturday, December 08, 2012
From Print Edition
 
 

 

ISLAMABAD: The marketing companies here on Friday have jacked up the prices of Liquefied Petroleum Gas (LPG) once again by Rs5 per kilogram. However, the LPG Distributors Association has strongly opposed the third increase in prices in a week despite a fall in international market.

 

The prices of domestic and commercial cylinders would increase by Rs50 and Rs200 respectively.After the increase, prices of LPG in Rawalpindi, Islamabad, Attock, DG Khan, Jhelum touched Rs175 per kilogram, in Lahore, Gujranwala, Gujrat, Sheikhupura, Sialkot Rs165, in Murree, Nathiagali, Balakot, Rawalakot and Bagh Rs200 per kilogram. In Khyber-Pakhtunkhwa, LPG prices jumped to Rs150 per kg.

 

Prices of LPG in other hilly areas was already high where it is sold at the rate of Rs215 per kilogram. “The international price of LPG has reduced from $1,014 per metric ton to $974 and a $40 cut means Rs4,500 reduction per metric ton. LPG Distributors Association Chairman Irfan Khokhar condemned increase in prices and said if Ogra did not take action they would stop supply of LPG. He said marketing companies were engaged in exploitation. He demanded of Ogra to take action against marketing companies.

 

All Pakistan LPG Distributors Association General Secretary Abdul Hadi Khan has said that after availability of LPG to consumers as an automobile fuel, its demand has doubled, but its production stayed limited, which has resulted in hoarding and eventually the price inflated.

 

He said that marketing companies have increased prices after selling their surplus stock, as local producers were not feeding them LPG according to their demand. He alleged instead of supplying more to match demand, local producers have cut production by 40 per cent.