The local producers have slashed the prices of liquefied petroleum gas (LPG) by Rs6,435/tonne to Rs70,299/tonne (including sales tax) from its earlier price of Rs 76,734/tonne This was stated by Abdul Hadi Khan, the patron-in-chief of the All Pakistan LPG Distributors Association and Chairman of the FPCCI Standing Committee for LPG, here on Wednesday. Abdul Hadi said that the prices have been reduced from December 1, after a fall in Saudi Aramco Contract Price.

He said that after LPG price reduction by producers, marketing companies are needed to cut the LPG prices by Rs. 6.50/kilogram and Rs 76 per 11.8 kilogram cylinder, and Rs 292 per 45.4 kilogram cylinder He asked the local producers to ensure the supply of LPG to marketing companies at the reduced rates on reasonable profit.