LPG Associations Announce Strike Across Pakistan

LPG associations across Pakistan have announced a nationwide strike, set to commence from November 16, in protest against the government's new pricing formula for LPG. The associations claim that the new formula could raise LPG prices by 25 to 30 percent, from the current official rate of Rs. 3,470.09 for an 11.8 kg cylinder, potentially increasing the price to around Rs.

4,340 to Rs. 4,510 per cylinder. Ali Haider, Senior Vice Chairman of the LPG Marketers Association, stated that the industry rejected the new mechanism at an emergency meeting and vowed to stop selling LPG across the country unless their demands are met within 15 days. The proposed reforms include replacing the current cap based on the Saudi Aramco Contract Price with a benchmark linked to Pakistan State Oil’s landed import cost, as well as allowing state-owned companies to import LPG and set prices.

The strike could lead to a supply shortage unless an agreement is reached between the government and the industry before November 16.

Brief written by urgent.news from ProPakistani's own syndicated text. Machine-written — may contain errors; check the original before relying on it.