LAHORE - The Liquefied Petroleum Gas (LPG) prices are expected to go down from Thursday (Feb 3) in the backdrop of a decline in the international contract price of LPG. The LPG Association of Pakistan (LPGAP) said on Monday that the LPG producers are usually follow the Saudi Aramco Contract Price for fixing the rate of local product, which has now decreased by $112 per metric ton (12 per cent) from $926 to $814 for February. The spokesman of the LPG body said that the impact of the Saudi CP reduction is likely to reduce the base-stock price of locally produced LPG by some Rs 9,632 per metric ton or about Rs 9 per kilogram. However, he said the benefit of reduction in price is unlikely to be passed on to the consumers immediately, for, the LPG marketing companies, distributors and retailers are still carrying last months stock which was acquired at higher rates in January.