Other LPG producers including Oil and Gas Development Company Limited are expected to match the price. It is pertinent to point out that government is the single largest producer of LPG in the country and accounts for nearly 65 per cent of all LPG produced. “In order to ensure that prices remain affordable, LPG companies have and will be procuring regular imports in the month of January to keep the market well stocked. At the current pricing, the maximum retail price should not exceed Rs135 per kilo, as companies are selling local and imported product on a weighted average basis,” said Belal. We also urge the government to exercise restraint and refrain from imposing the petroleum levy on LPG which could further increase the local price by Rs13,000 per tonne, said Belal.
State owned LPG Producers Pak Arab Refinery and Pakistan Petroleum Limited have increased the base stock price of LPG from Rs69,623 to Rs79,340 following the increase in Saudi Aramco Contract Price for January. The new price inclusive of taxes is Rs92,136 per tonne, which represents an increase of Rs11,274 from the previous month. “The new Saudi Aramco coupled with the devaluation of Pakistani rupee has resulted in the highest ever price charged by local LPG Producers,” said Belal Jabbar, a spokesman for LPG Association of Pakistan.
