Islamabad: Pak Arab Refinery Company (Parco), a state-owned producer of liquefied petroleum gas (LPG) and others, has kept the LPG price unchanged at Rs103, 525 per ton, including taxes, for the month of December.
Another state-run LPG producer, Oil and Gas Development Company (OGDC), which also produces crude oil and gas, has also left its base stock price unchanged at Rs103, 500 for the current month.
These decisions are full and final conclusion to speculation that state producers are going to increase the LPG price by Rs46,000 to Rs150,000 per ton in line with the rise in Saudi Aramco’s contract price.
Pakistani LPG producers set their prices in line with the Saudi Aramco’s contract price, which rose to $1,175 per ton on December 1. However, this is the third month that Parco and OGDC have left the prices untouched at $840 per ton.
The demand for LPG typically soars with the onset of winter as many households and industrial units, who do not receive natural gas from the pipeline network, turn to LPG.
Following the announcement from Parco and OGDC, retail prices of LPG are expected to remain stable at Rs130 per kg in Sindh and Balochistan, Rs140 per kg in Punjab and Rs150 per kg in AJK and northern areas.