Another increase in LPG prices slapped on consumers

Rs 108 have increased. After the new price domestic cylinder will cast additional Rs 108 while commercial user will pay additional Rs 432 per cylinder.The implementation on the notification will be with immediate effect. According to the new notification, the price of imported LPG will fixed at Rs 126 per kg. The mixed LPG would cost Rs 117. In the international market the increase in the price of LPG was $26 per metric ton. A few days ago it was predicted that a new liquefied petroleum gas (LPG) policy being formulated by the Ministry of Petroleum and Natural Resources is expected to cause an increase of 16 per cent in prices of locally produced LPG due to imposition of petroleum levy.Industry sources were of the view that the new LPG policy, without the input of industry stakeholders, was an attempt to create a public sector monopoly.“The policy will cause a 16.6 per cent increase in prices of locally produced LPG, making it more expensive than imported gas,” an industry source said, adding the industry feared that business of the country’s 80 LPG marketing companies would go into the hands of Progas Pakistan Limited, which was recently purchased by Sui Southern Gas Company (SSGC).