LPG prices increased in Pakistan twice in 24 hours

[Zibago]

LPG prices increased in Pakistan twice in 24 hours
28 Jul, 2022​

SHARES​

The price of Liquefied petroleum gas (LPG) has increased by Rs. 10 per kg for the second time in 24 hours without any notification from Oil & Gas Regulatory Authority (OGRA).
Chairman of LPG Distributors Association, Irfan Khokhar, commenting on the development, said that for July 2022, the official LPG prices, as announced by OGRA, stand at Rs. 220 per Kg.
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For the domestic cylinder, the notified price is Rs. 2,600, while for the commercial LPG cylinder, the official price stands at Rs. 9,988.

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However, with the latest increase of Rs. 10, the LPG cost per kg has shot up to Rs. 240. For the domestic cylinder, the price has increased by Rs. 120 to Rs. 2,835, while the cost of the commercial cylinder has surged by Rs. 455 to Rs. 10,900.
Khokhar revealed that in some places, the price has surged to Rs. 310 per kg. He further informed that the domestic and commercial cylinders are being sold at a price as high as Rs. 3,665 and Rs. 14,075, respectively.

LPG prices increased in Pakistan twice in 24 hours

The price of Liquefied petroleum gas (LPG) has increased by Rs. 10 per kg for the second time in 24 hours without any notification from Oil & Gas Regulatory

timesofislamabad.com

 

[SoulSpokesman]

@Zibago

Zibago sb,

Not much that the GOP can do about it given the crude prices. In India a 14 kg cylinder costs Rs 1100 or about Rs 80/kg. Given that INR= 3 PKR (almost) that means almost PKR 240/kg. If at all anything LPG prices are a bit lower in Pak than in India.

Regards

 

[Imran Khan]

Stock few before its turn to be sri lanka

 

[SoulSpokesman]

@Imran Khan

Stock few before its turn to be sri lanka

Nope. SL was a desperate lost case, Pak is not. It is not nearly as stretched as SL was.

Regards

 

[Wood]

@Zibago

Zibago sb,

Not much that the GOP can do about it given the crude prices. In India a 14 kg cylinder costs Rs 1100 or about Rs 80/kg. Given that INR= 3 PKR (almost) that means almost PKR 240/kg. If at all anything LPG prices are a bit lower in Pak than in India.

Regards

Pakistan is finally weaning itself away from the subsidies that have historically brought it back to a BoP crisis every time. I've seen quite a few posters here claim that an average Pakistani has a higher quality of living than an average Indian. If true, one reason that could explain such differences are the heft fuel subsidy on borrowed credit. This will likely not be the case any longer

 

[SoulSpokesman]

@Wood

Wood Saar,

Pakistan is finally weaning itself away from the subsidies that have historically brought it back to a BoP crisis every time.

True.

I've seen quite a few posters here claim that an average Pakistani has a higher quality of living than an average Indian.

Given that the pci of both countries are almost the same, that means the average consumption of the Pakistani citizen is higher than the Indians'. The corollary of this is a lower savings rate which essentially takes us back to Brofessor sahib's (@RiazHaq) hypothesis about low savings rate creating BOP problems everytime Pak shows a healthy growth.

Regards

 

[Wood]

@Wood

Wood Saar,

Pakistan is finally weaning itself away from the subsidies that have historically brought it back to a BoP crisis every time.

True.

I've seen quite a few posters here claim that an average Pakistani has a higher quality of living than an average Indian.

Given that the pci of both countries are almost the same, that means the average consumption of the Pakistani citizen is higher than the Indians'. The corollary of this is a lower savings rate which essentially takes us back to Brofessor sahib's (@RiazHaq) hypothesis about low savings rate creating BOP problems everytime Pak shows a healthy growth.

Regards

If people were already living pay check to pay check, then the sudden and drastic increase in fuel price will create a significant slow down of consumption and GDP. This is not going to look pretty for a politician looking to get re-elected. Better for PDM to hold a snap election now and take its chances later.