LPG price twice the official rate in open market
• Ogra notifies about Rs15 per kg increase in gas price • Association warns of strike from Nov 16 over new LPG policy ISLAMABAD: As the government again notified an increase in the price of liquefied petroleum gas (LPG) for November, its price in the open market is twice as high as the official rate amid a shortage of LPG due to the US-Iran war. In a notification on Saturday, the Oil and Gas…
Islamabad, November 1st, 2026 - The government has raised the price of LPG by Rs15 per kilogram for November, but the price in the open market is twice as high, raising concerns over a shortage of LPG due to the US-Iran war. The Oil and Gas Regulatory Authority (Ogra) announced that the official rate per tonne for November is Rs294,075, up from Rs279,341 in the previous month.
Consequently, the retail price of an 11.8 kg domestic cylinder of LPG increased to Rs3,470, a rise of Rs173. The official LPG rate is Rs294 per kilogram. The increase in the LPG consumer price is attributed to the rise in Saudi Aramco-CP by 6.47 percent and a slight decrease in the US dollar exchange rate by 0.12 percent.
LPG Distributors Association of Pakistan Chairman Irfan Khokhar warned that the situation would worsen due to the closure of the Iran border, with at least 70 percent of LPG being imported from Iran and only 30 percent produced locally. The government needs to take serious measures to control market manipulations, he added. LPG marketing companies threatened to halt their operations from November 16 if the private sector was excluded from the upcoming LPG policy.
Ali Haider, Chairman of the Pakistan LPG Marketers Association, stated that they would stage a strike from November 16 if the government implemented the policy, emphasizing that the gas shortage is due to the Iran border closure. Around 1.3 million tonnes of LPG are imported, with only 225,000 tonnes coming from the Gulf, largely due to private sector imports.
The ProGas terminal at Port Qasim is controlled by the Sui Southern Gas Company, which imported LPG seven months ago.
The LPG Distributors Association also sent a letter to Petroleum Minister Ali Pervaiz Malik, criticizing the draft policy for lacking input from the private sector. They called for the complete deregulation of the LPG sector, citing that despite billions of rupees collected through the petroleum development levy (PDL), state-owned entities like PSO, Parco, and SSGC failed to import LPG during this crisis.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
