August 1, 2021

LPG price hike of 6 percent likely to mount inflationary pressure

ISLAMABAD: After increasing prices of other petroleum products, the government on Saturday also increased liquefied petroleum gas prices by 5.95 percent to Rs2,002/cylinder for August 2021, which might jack up inflationary pressure on the economy.Since LPG was considered the “poor man’s fuel” and was also used in majority of areas where system gas was not available, it might hit household budgets of a large part of the population.LPG price has been on consecutive rise for the last...