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Profiteer to be fined up to Rs250,000? LPG being sold from Rs180/kg to Rs250 despite govt rate of Rs130

byMonitoring Report
02/01/2015
in Business
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ISLAMABAD: The liquefied petroleum gas (LPG) mafia, including marketing companies and dealers, is still exploiting the cold weather and shortage of natural gas in the country and selling the LPG from Rs180 to Rs250 in the federal capital, Rawalpindi and other cities of Punjab as the government has reduced the rate by Rs15 per kg to Rs130.

The LPG price cut-off would be implemented with immediate effect that will drop the LPG price to Rs130/kg in Lahore and its adjoining areas.

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In different areas of twin cities, Chungi No 22 area, Bakra Mandi, Dhoke Syedian, Saddar, Raja Bazar and areas of Cantonment board, Barakahu, Bannigala, Tramri, residential colonies on Islamabad highway, including Ghouri Town, Media Town; the poor man’s gas was being sold between Rs 180-240 per kg.

LPG Distribution Association Pakistan associate secretary Arsalan Khokar admitted that the rates were up to Rs240 in twin cities and other parts of Punjab.

However, Oil and Gas Regulatory Authority spokesperson said that the authority is taking action against the companies and anyone found of overcharging would be fined up to Rs250,000. He said authority has written to provincial chief secretaries to check LPG over pricing.

Tags: Liquefied Petroleum Gas (LPG)

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