(AFFILIATED WITH FPCCI)
(Ministry of Commerce Licence No.69)
(SECP CUI No.0067829)
LPG price drops to Rs 100 per kg as Saudi Aramco CP falls to $ 971 per ton
KARACHI, Sep. 28 - The price of locally produced liquefied petroleum gas (LPG) has been slashed by Rs 4,500 to Rs 81,000 per ton as Saudi Aramco contract price (CP) for October slashed by $ 51.50 to $ 791 per ton.
Acting chairman of All Pakistan LPG Distributors Association Mohammad Ali Haider said here Wednesday that international prices of LPG are falling.
He said that butane price was dropped by $ 80 to $ 790 per ton while propane declined by $ 75 to $ 735 per ton. He said the price of LPG has decreased by Rs 5 to 100 per kilo while 11.8 kg cylinder dropped by Rs 57 to Rs 1,170 and 45.4 kg cylinder by Rs 230 to Rs 4,500.
However, Haider expressed dissatisfaction over this decline and said that this price was still out of reach of general consumer. There is a need to formulate a just price mechanism which is acceptable to every stakeholder, he added.
He said LPG sale was still restricted to 60 percent of the total potential market. Due to exorbitant increase in LPG prices, public transport vehicles specially auto rickshaws, delivery vans and pick
ups are being converted from LPG to CNG.
Haider pointed out that the average LPG consumption which used to rise to 1,800 tons per day in October in the previous years, has now declined to only 1400 tons per day due to high prices.
He said local production of LPG is still hovering around 1300 tons per day and Ministry of Petroleum must play its role to increase this production.
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