KARACHI: Marketing companies have reduced prices of liquefied petroleum gas (LPG) by Rs 2.5 to Rs 3 per kilogram to Rs128 to pick up dwindling sales in the country.
Chairman of FPCCI Standing Committee on LPG and All Pakistan
LPG Distributors Association (APLDA) Abdul Hadi Khan said that LPG sale has declined to 50 percent and marketing companies have slashed the margins to boost demand.
He said that price of 11.8 kg cylinder has declined by Rs 30 to 40 to Rs 1500 to Rs 1510, while 45.4 kgs cylinder price has downed by Rs 136 to Rs 140 to Rs 5810.
Hadi said that this decrease will help in boosting sales which have declined considerably due to high prices.
He was of the opinion that LPG sale can go up, if marketing companies volunteer to further decrease their margins. This will be in the benefit of LPG industry, he noted.
It may be noted that LPG prices had jumped to record Rs 145 to Rs 165 per kg, as local producers shifted the burden of levy on LPG to 60 million consumers, raising its prices by Rs 15,850 to a record Rs 109,700 per ton on February 3, 2012.
Hadi pointed out that LPG prices can be brought to reasonable level if local producers increase their daily production and do not link local prices to Saudi Aramco Contract Price (CP).APP
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