KARACHI: The local producers of liquefied petroleum gas (LPG) have cut LPG prices by Rs2,436 to Rs84,082 per tons, decreasing retail prices by Rs2.5 to Rs112-120 per kilo in the country.
According to the acting chairman of All Pakistan LPG Distributors Association, Mohammad Atique Khan here Saturday, the price of 11.8 kg cylinder has dropped by Rs30 and 45.4 kg cylinder by Rs111.
He expressed dissatisfaction over a minimal decline of Rs2.5 and urged producers to slash LPG price by another Rs2,500 per ton for September 2011.
Atique said that due to exorbitant increase in LPG prices, 80 percent public transport specially auto rickshaws, delivery vans and pick ups have been converted from LPG to CNG.
He pointed out that domestic consumers in hilly areas are illegally using small CNG tanks instead of LPG. This is dangerous as well, he noted.
Atique said that during Ramadan, LPG use was declined to 15 percent. It has now grown to 30 percent after Ramadan.
He said that LPG distributors have slashed their profit margins due to its high prices while hundreds of local distributors have closed down their businesses due to falling sales.
He said that commercial vehicles in remote and hilly areas have also stopped using LPG due to very high prices.
Atique noted that LPG sale would further fall if its prices are not decreased by at least Rs2,500 in September. He said that LPG producers must consider the interest of their consumers and further cut LPG prices.
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