The price of LPG, the domestically produced liquefied petroleum gas, has climbed sharply with an increase of Rs12 per kg after the Oil and Gas Regulatory Authority (Ogra) puts a ban on imports from Iran through Taftan border.
According to the LPG Distributors Association Chairman Irfan Khokhar, the market price has climbed to Rs125 per kg from Rs113 for the month of October.
Reportedly, marketing companies have increased the LPG price by Rs140 for an 11.8kg domestic cylinder from Rs1,328 to Rs1,468.
The new price of the commercial cylinder has been fixed at Rs5,650 following an increase of Rs540 from Rs5,110.
Khokhar said that Ogra has already issued a notification, imposing a ban on LPG imports from Iran. The price hike would likely hit the neediest segments of society as LPG is considered a poor man’s fuel.
He further added that he is going to hold an important meeting with the PM’s Special Assistant on Energy, Nadeem Babar over recommendations on the LPG Policy 2016 in Islamabad on Monday. Khokhar said he will discuss the price hike with the SAPM.
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