Marketers jack up LPG prices once again

LAHORE: Marketing companies have jacked up the prices of liquefied petroleum gas (LPG) once again.

The LPG distributors association has opposed the second consecutive increase in the prices within a week despite a fall in international market.

"The international price of LPG has reduced from $ 1014 per matric ton to $ 974 and a $40 cut means Rs 4,500 reduction.

The marketing companies in Pakistan instead of passing the benefit on to the consumers have increased the gas price by Rs 5 per kg," said Irfan Khokhar, the LPG distributors association chairman, in a statement on Sunday.

The prices of domestic and commercial cylinders would increase by Rs55 and Rs220 respectively, he said.

He said marketing companies were engaged in exploitation. He demanded of the Oil and Gas Regulatory Authority to take action against such unethical profiteering.