KARACHI: The price of liquefied petroleum gas (LPG) was increased by Rs 3 to 98 per kilogram in Karachi and interior Sindh as its producers raised their price by Rs 2,704 to Rs 84,537 per ton Thursday.
This was stated by the chairman of FPCCI Standing Committee on LPG and All Pakistan LPG Distributors Association Abdul Hadi Khan.
He said price of 11.8 kg cylinder has been raised by Rs 32 to Rs 1040-1050 while 45.4 kg cylinder moved up by Rs 123 to Rs 4000.
Recording his protest on price hike, he said that producers should also consider the interest of people and the country instead of profiteering.
Hadi was of the view that LPG producers should not link their prices to Saudi Aramco Contract Price.
He said retail price of LPG in Lahore will be Rs 102-103 per kg while 11.8 kilo cylinder would be selling at Rs 1080-1090 and 45.4 cylinder at Rs 4,194.
In Peshawar, LPG will surge to Rs 105-107 per kilo, 11.8 kg cylinder to Rs 1110-1120 and 45.4 kg cylinder at Rs 4310.
Hadi said that in Swat, FATA and AJK, LPG will be sold at Rs 108-109 per kg and 11.8 kg cylinder at Rs 1180-1190 while 45.4 kg cylinder is sold at Rs 4578.
Hadi feared that this increase will pull down LPG sale by 10 percent in the country, as well as threaten the existence of LPG industry.
He pointed out that 30 percent of LPG distributors have closed down their businesses in the last two months due to lack of an effective price mechanism and the monopoly of LPG producers.
Hadi suggested that local producers should have a realistic profit on the basis of actual production cost in the country and reduce the per ton price so that the consumers can get LPG in the range of Rs 60 to 65 per kilo. This could bring back the LPG sale at the normal level, he noted.
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