LPG price up Rs10/kg

ISLAMABAD: Price of liquefied petroleum gas (LPG) has increased Rs10 per kilogramme due to its shortage in the local market, an industry official said on Wednesday.    

LPG price rose Rs10/kg and domestic cylinder price was up Rs100 and commercial cylinder Rs400. LPG demand is over 3,000 to 3,500 metric tons per month and would jump up to 7,000 metric tons in Ramazan. At present, LPG demand in the country stands at around 100,000-130,000 metric tonnes/month, out of which approximately 50 to 60 percent LPG is being imported, while the remaining is produced by the local producers.  One ship (with capacity of 5,200 metric tonnes) has been waiting for last 10 days and not allowed to berth by SSGC LPG Limited, a subsidiary company of Sui Southern Gas Company. One of the LPG vessel returned due to this.

“This situation is leading to millions of rupees in losses to the importers as well national exchequer,” said Irfan Khokhar, regional chairman of LPG standing committee of the Federation of Pakistan Chambers of Commerce and Industry.