KARACHI - Local producers have increased LPG price by Rs 19,000 per ton in accordance with rise in its international prices (Saudi Armaco Contract Price).
This was stated by the patron-in-chief of All Pakistan LPG Distributors Association Abdul Hadi Khan here Friday. New prices are effective from August 3, 2012.
He said per kilogram price of LPG has been raised by Rs 19 while 11.8 kg cylinder has been increased by Rs 224 and price of 45.4 kg cylinder by Rs 863. Hadi said that in Karachi, LPG will be sold at Rs 118 per kilo, 11.8 kg cylinder at Rs 126 and 45.4 kg cylinder at Rs 4,720. In Lahore, the price of LPG will be Rs 123 per kg, 11.8 kg cylinder at Rs 1326 and 45.4 kg cylinder at Rs 5,100.
Similarly, in Khyber Pukhtoonkhwa, LPG will be available at Rs 128 per kg, 11.8 kg cylinder at Rs 1448 and 45.5 kg cylinder at Rs 5,514. In norther areas, Mansehra, FATA, Batgram and AJK, price of LPG will be Rs 132 per kilo, 11.8 kg cylinder at Rs 1530 and 45.4 kg cylinder at Rs 5,877. Hadi alleged that demand for LPG has surged to 1700 tons per day, but producers have kept their production at 800 tons per day for the last one and a half year.
There is a need to increase LPG production in the country on the one hand and reduce its prices on the other. He feared that LPG sale will decline by 15 percent in the country due to this rise and affect the growth of this industry. This is also discouraging the investment of billions of rupees in LPG sector, he added.
Hadi noted that LPG can again become an alternate and cheaper fuel in the country, if its production is enhanced and prices are reduced to reasonable level.