LPG to Get Cheaper

LPG prices in Pakistan have recently decreased by Rs. 30 to 40 per kilogram due to a temporary resumption of supplies from Iran, with an additional Rs. 30 per kilogram reduction anticipated within the next two to three days. A senior representative of the LPG Distribution Association noted that the market rate is gradually declining, but cautioned that the threat of an LPG shortage during the winter season remains.

The association clarified that only LPG bowsers loaded at Iranian refineries and arriving at the Pakistan-Iran border prior to October 16 have been permitted entry into Pakistan. The quantity loaded up until October 16 amounts to approximately 8,000 to 9,000 tonnes, which will satisfy the nation's requirements for merely three days.

The association emphasized that this short-term supply will not resolve the crisis, which emerged following the easing of prices with the arrival of a fresh shipment earlier this week. The All Pakistan LPG Distribution Association has submitted a request for a six-month exemption from the Electronic Import Form (EIF) mandate for LPG imports from Iran.

Additionally, they informed the Prime Minister's Adviser Haroon Akhtar that reinstating the previous system would be necessary for six months to fulfill winter demand. The association cautioned that in the absence of resuming supplies from Iran, LPG could skyrocket to Rs. 1,000 per kilogram during the winter months, following warnings that the cylinder price might exceed Rs. 10,000.