The government of Pakistan has reduced Liquefied Petroleum Gas (LPG) prices by Rs20 per kilogram, bringing Karachi retail prices down to approximately Rs440 per kilogram.
The FPCCI LPG Standing Committee Convener, Ali Haider, confirmed the price cut follows significantly improved supply conditions across the country.
Border reopening after the Iran ceasefire, along with Eid and Nowruz holidays, helped restore normal LPG import flows into Pakistan.
Around 7,000 tonnes of LPG entered Pakistan through three border crossing points located in the southwestern province of Balochistan.
A separate LPG shipment also arrived through Qasim Port, further stabilising domestic supply and easing pressure on retail prices nationwide.
Pakistan depends on imported LPG for approximately 65 percent of its total consumption, with Iran supplying around 90 percent of those imports.
Ali Haider said prices are expected to fall by a further Rs50 per kilogram during the current week due to improved availability.
The Oil and Gas Regulatory Authority (OGRA) had officially set the LPG price at Rs304 per kilogram as the government-approved retail rate.
However, market manipulation and profiteering had pushed actual retail prices between Rs450 and Rs470 per kilogram, far above official rates.
That means consumers were paying approximately Rs130 per kilogram more than the government-regulated price set by the authority.
Petrol Price Cut
Petroleum prices in Pakistan are expected to decrease significantly, with reductions estimated between Rs30 and Rs60 per litre following a sharp decline in international markets.
Prime Minister Shehbaz Sharif has directed finance and petroleum ministries to ensure citizens benefit from falling global oil prices, initiating immediate consultations on domestic fuel price adjustments.
Sources reported petroleum product prices dropped by 16 percent after the ceasefire between Iran and the United States, easing global market pressures and stabilizing supply.
The federal cabinet reviewed petroleum stocks and discussed price adjustments during its meeting, which also addressed the mediation role of Pakistan in facilitating cessation of hostilities in the region.
