Lahore: Two ships, ARIES with 11,000 metric tons and ATLANTIC with 12,000 metric tons, have docked at Port Qasim. Additionally, two more LPG consignments, ULLSWATER with 3700 tons and MD23 with 3500 tons, will arrive before Eid al-Fitr. This was stated by Irfan Khokhar, Chairman of the LPG Distributors Association, in an interview with Express.
He said that although the official price of LPG is Rs 225 per kg, the gas mafia is selling it at Rs 350-450 per kg, citing the US-Iran war and rising global oil prices, which is unfair to the public already burdened with inflation.
Khokhar explained that the US-Iran war has led to a $200 increase in LPG prices per ton in the global market, and shipping lines’ freight has also risen due to the closure of the Strait of Hormuz. However, the country has sufficient LPG reserves, and the gas mafia is spreading negative rumors to panic consumers into buying LPG in bulk.
He added that with the ceasefire and more LPG consignments arriving, prices are expected to normalize in the coming days.
