Ban on imports from Iran jacks LPG price up by Rs12 per kg

Ban on imports from Iran jacks LPG price up by Rs12 per kg

Lahore (Staff Report): The price of Liquefied Petroleum Gas (LPG) increased by Rs12 per kg after the Oil and Gas Regulatory Authority (OGRA) placed a ban on imports from Iran through Taftan border.

The market price of domestically produced LPG reached Rs125 per kg from Rs113 for the month of October.

According to LPG Distributors Association Chairman Irfan Khokhar, the marketing companies increased the LPG price by Rs140 for an 11.8kg domestic cylinder from Rs1,328 to Rs1,468. The new price of commercial cylinder has been fixed at Rs5,650 following an increase of Rs540 from Rs5,110.