The price of Liquefied Petroleum Gas (LPG) in Pakistan has surged sharply by Rs70 to Rs100 per kilogram, according to the Marketing Association, marking a significant increase for consumers nationwide. The retail rate of LPG has risen from Rs250 per kg to between Rs320 and Rs350 per kg.
Ali Haider, spokesperson for the Marketing Association, highlighted that supply shortages following the conflict in Iran have been driving the upward trend in LPG prices. The association urged the federal government to arrange imports of LPG from Russia or Oman to stabilize the market and ensure consistent supply.
Fuel Prices Also on the Rise
The LPG price surge comes days after the federal government announced a major increase in petroleum prices due to ongoing supply concerns linked to geopolitical tensions involving the United States, Israel, and Iran.
On Friday, the government raised petrol and high-speed diesel prices significantly:
- Petrol: Rs321.17 per litre (up from Rs266.17) – a 17% increase
- Diesel: Rs335.86 per litre
This dramatic jump has heightened fuel costs nationwide, adding pressure on households and businesses.
Also Read: LPG prices soar in Pakistan amid Middle East tensions
Global Oil Market Trends
While local LPG and petroleum prices are spiking, global oil markets have been volatile.
- Brent Crude: $98.96 per barrel (up 6.76%)
- Murban Crude: $110.20 per barrel (up 6.71%)
- WTI Crude: $88.18 per barrel (fell sharply)
Experts say the price divergence reflects geopolitical tensions in the Middle East, especially fears of disruptions to oil supplies through the Strait of Hormuz, a key global shipping route.
Analysts warn that ongoing instability in the Iran-US-Israel conflict could further impact energy markets, with potential effects on both domestic LPG and global oil prices.
Government Urged to Act
The Marketing Association emphasized the need for government intervention to prevent further price hikes. Import arrangements from Russia or Oman are suggested to maintain LPG supply and stabilize the domestic market.
With energy costs rising sharply, consumers are bracing for additional financial pressure, particularly as LPG is a major fuel source for households and businesses across Pakistan.
