Despite the ongoing tense situation in the Middle East, there are signs of improvement in the supply of liquefied petroleum gas (LPG) in Pakistan. After the arrival of petrol, four large LPG ships have also anchored at Port Qasim.
According to the chairman of the LPG Distributors Association, ample reserves of LPG have become available in the country, and a large quantity of gas has reached Pakistan through four large ships.
According to the details, about 11 thousand metric tons of LPG have been delivered to Port Qasim through a ship named ‘ARIES’, while 12 thousand metric tons of gas were brought through ‘Atlantic’ and another ship. In addition, a ship named ‘ULLSWATER’ carrying 3,700 tons and a ship named ‘MD23’ carrying 3,500 tons of LPG have also reached the port.
Irfan Khokhar said that the official fixed price of LPG is Rs 225 per kg; however, some elements are charging Rs 350 to Rs 400 per kg from the public, citing the tension between the US and Iran and the increase in global prices.
He added that due to the situation in the Middle East, the price of LPG in the global market has increased by about $ 200 per ton, while ship fares have also increased due to concerns about the possible closure of the Strait of Hormuz.
However, he said that the arrival of the new shipment will improve the supply of LPG in the domestic market, and there is a possibility of a clear reduction in prices in the coming days, which is expected to provide some relief to the public.
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