LPG prices raised by Rs 14 per kg

Islamabad : Marketing Companies on Thursday increased prices of Liquified Petroleum Gas(LPG) by Rs 14 per kg.

Prices of domestic cylinder were hiked by Rs 165 while commercial cylinder by Rs 635.

Similarly prices of LPG in Quetta, AJK, FATA, Swat, Muzaffarabad and Bagh were raised to Rs 160 per Kg.

In Murree, Kohat prices of the gas would be available at Rs 145 per kg while in Lahore, Peshawar and Sialkot Rs 130 per kg. The LPG prices would be Rs 135 per KG in Multan and Rs 110 in Karachi.

Chairman of LPG Distributors Association Muhammad Irfan Kokhar termed the increase as unjustified the rising trend in LPG prices was badly affecting the already hard pressed people.

The Oil and Gas Regularity Authority (OGRA) was needed to take action against such market forces that were announcing unjustified increases.

Inaction on the part of the government’s concerned authorities had added to sense of impunity to anti-market forces, giving them an opportunity to make a fast buck by raising prices brazenly, he added