LPG Prices reduce drastically across Pakistan

LPG Prices reduce drastically across Pakistan

ISLAMABAD - The prices of Liquified Petroleum Gas has drastically reduced across Pakistan.

As per the media report, t-he government’s decision of reducing taxes on the import of liquefied petroleum gas (LPG) has resulted in reduction in its prices by Rs25 per kg.

The Economic Coordination Committee (ECC) of the Cabinet, in a meeting held in mid-September 2018, had cut general sales tax (GST) on the import of LPG to 10 percent from 17 percent. The ECC had also withdrawn the regulatory duty of Rs4, 669 per ton on the imported LPG.

The decisions were taken to make gas available at affordable prices during the upcoming winter season.

Chairman Liquefied Petroleum Gas Industry Association Pakistan Irfan Khokhar on Saturday has said that LPG prices had come down by Rs25 per kg following the government’s decision to slash the taxes on its import.

He further said that price of domestic cylinder has reduced by Rs300 to Rs1390-Rs1450 per cylinder. Similarly, price of commercial LPG cylinder has also decreased by Rs1200 per cylinder.