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LPG prices increase by Rs50 per kilogram

03:38 PM | 24 Jun, 2024
LPG Price

The price of Liquefied Petroleum Gas (LPG) has spiked by Rs. 50 per kilogram, marking a significant increase affecting both domestic and commercial consumers.

Irfan Khokhar, Chairman of the LPG Distributors Association, attributed the price hike to unauthorized practices by LPG marketing companies and plant mafias, who have begun selling LPG at inflated rates rather than adhering to government-mandated prices.

Khokhar expressed concern over rampant black marketing across the country, emphasizing that consumers are unable to procure LPG at official rates. Previously priced at Rs. 234.60 per kilogram, LPG is now being retailed between Rs. 280 to Rs. 285 per kilogram in the market.

In the aftermath of this increase, the cost of domestic cylinders has surged to Rs. 3,370 from Rs. 2,770, while commercial cylinders are now being sold at Rs. 12,435, up from Rs. 10,715.

The chairman criticized the government for yielding to the influence of the gas mafia, asserting that unless decisive action is taken against these powerful entities, the menace of black marketing will persist unchecked.

The escalation in LPG prices poses a significant financial burden on households and businesses alike, prompting urgent calls for government intervention to stabilize prices and combat illegal market practices.

As consumers grapple with the repercussions of the price hike, the situation underscores the pressing need for regulatory measures to safeguard fair pricing and ensure accessibility to essential energy resources.

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US Dollar, Euro, Pound, Dirham, Riyal Rate in Pakistan Today Open Market Rates - 15 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 15, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)       
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25 303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65



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