Tuesday, November 3, 2009

LPG local prices likely to go up by Rs6/kg

KARACHI: On local level Liquid Petroleum Gas (LPG) prices may likely go up by Rs5-6/kilogram as the price of the fuel have risen upto $69/ton in the International Market.

LPG Distribution Association Chairman Abdul Hadi Khan told Geo News Monday according to the LPG prices on international level producers would announce the new prices for a period of one month on November 3rd.

‘LPG prices on international level are expected to go upto Rs5,700/ton increasing the local prices by Rs5-6/kg.

As per the Oil and Gas Regulatory Authority (OGRA), local producer are not permitted to set local prices more than international rates, however producers continue to increase prices using illegal means and in various areas of the country LPG consumers are overcharged comparing the international rates.

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