Business
LPG price has increased for the third time in 4 days
ISLAMABAD: The country’s Liquefied Petroleum Gas (LPG) prices have been hiked for the third time in four days, while distributors have declared a national walkout against the decision on June 30, according to ARY NEWS.
The Oil and Gas Development Company Limited (OGDCL) raised the price of LPG cylinders by Rs6.09 per kilogram. Following the current hike, the residential cylinder would cost Rs71.93 more, while commercial cylinder costs would rise by Rs276.75.
LPG rates in Gilgit Baltistan have been increased to Rs 170, with commercial cylinders now available in the region for Rs7720 and residential cylinders for Rs2000.
After June 30, prices are expected to rise by Rs10 to Rs15 per kilogram.
The head of the LPG distributors has declared that they would go on strike on June 30 in protest of the decision, and that they will reduce LPG supplies across the nation.
On May 30, the price of LPG cylinders increased by Rs20 per kilo to Rs110.
Domestic LPG cylinders were available for Rs1,298 following a total Rs200 rise, while commercial cylinder rates increased by Rs900 to sell for Rs4,994.
Irfan Khokhar, head of the LPG Association, stated that the price increase is due to the disruption in LNG supplies via road networks, and that prices might skyrocket in the next 24 hours. Khokhar has requested that the petroleum division reconsider its LPG regulations.
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