ISLAMABAD: The price of Liquefied Petroleum Gas (LPG) has been slashed by Rs 20 per kg across Pakistan. Following this reduction, the fuel will now be available in Karachi for Rs 440 per kg.
The price drop is attributed to a vastly improved supply chain. Ali Haider, Convener of the FPCCI Standing Committee on LPG, noted that the ceasefire in Iran and the reopening of borders following the Eid and Nowruz holidays have restored the flow of the commodity. Currently, 7,000 tons of LPG have entered the country through three key Balochistan border points: Taftan, 250 Border, and Mand, while an additional LPG vessel has successfully anchored at Port Qasim.
Imported gas accounts for 65% of Pakistan’s total LPG consumption, with 90% of those imports originating from Iran. Market experts are optimistic that if the current supply trend continues, prices could drop by another Rs 50 within the week.
The recent price hike had been exacerbated by profiteering, with the commodity being sold as high as Rs 450 to Rs 470 per kg, nearly Rs 130 above the official rate of Rs 304 per kg set by the Oil and Gas Regulatory Authority (OGRA). However, with supply lines now fully operational, the artificial shortage is easing, and prices have begun a steady downward trend.
