LPG becomes most expensive fuel in country

ISLAMABAD: As the price of Liquefied Petroleum Gas (LPG) is increased by Rs15 per kilogram to reach a new high ever, the industry players have blamed the government for imposing more than Rs11 per kg as petroleum levy on LPG. The new highest-ever price of Rs109,702 per ton for the locally produced LPG has been notified by the producers including the oil refineries, whereas the LPG distributors have announced to observe strike on February 15 against the increase. The notification issued by the state-owned LPG producers said the new LPG rates for February will be Rs83,000 per ton and the petroleum levy of Rs11,486 per ton will be added to this amount, whereas the other additions are excise duty of Rs85 per ton and 16 per...

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Posted in: BUSINESS