KARACHI - Local producers have slashed LPG price by Rs 5,762 to 87,438 per ton on rising unsold stocks.
This was stated by the pattern-in-chief of All Pakistan LPG Distributors Association and chairman FPCCI Standing Committee on LPG Abdul Hadi Khan here on Wednesday. He said that after this decrease, retail price of LPG has been reduced by Rs 5-6 to Rs 105-106 per kilo in Karachi and Sindh, Rs 109-110 in Lahore and Punjab, Rs 113-114 per kilo in Khyber Pukhtunkhwa and Peshawar, and Rs 115-116 per kilo in northern areas, FATA, Batgram and Rs 118 in Azad Jammu Kashmir (AJK).
Similarly, the price of 11.8 kg cylinder has been reduced by Rs 40-50 to Rs 1100-1110 in Karachi and Sindh, Rs 1150-60 in Lahore and Punjab, Rs 1200-1190 in Khyber Pukhtoonkhwa and Peshawar, and Rs 1240-50 in northern areas, FATA, Batgram and Rs 1260 in AJK.  Price of 45.4 kg cylinder has been decreased by Rs 153-192 to 4235-4270 in Karachi and Sindh, Rs 4425-4465 in Lahore and Punjab, Rs 4578-4616 in Khyber Pukhtoonkhwa and Peshawar, and Rs 4725-4770 in northern areas, FATA, Batgram and Rs 4847 in AJK.
Hadi pointed out that LPG sale was still restricted to 45 percent due to high prices and unsold LPG stock was piling up. He also underlined the need for increase in local LPG production which has been stagnant at 900 to 1100 tons per day. Hadi was of the opinion that LPG sale can be enhanced due to rising prices of petrol, CNG and diesel, with the help of an effective and integrated strategy of all stakeholders and a further reduction in LPG prices.