Last Updated on: 4th July 2023, 11:42 pm
LPG Price Has Risen To Rs 300 Per Kg Amid Runaway Inflation
Pakistan’s government has hiked the price of liquefied petroleum gas (LPG) by up to Rs 300 per kg as the country faces a growing budget and current account deficits amid unprecedented inflation.
This move would increase inflationary pressures on the economy as LPG was considered the fuel of the poor and used in areas where Sui gas was not available.
In response to the sharp increase, the LPG Association announced the organization of demonstrations on September 10th.
The chairman of the Pakistan LPG Distributors Association also urged the government to review the increase and develop a policy on LPG and resume operations at the Jamshoro Joint Venture Limited facility.
Soaring prices of staples, mainly vegetables, are making food unobtainable in the flood-ravaged country and raising the specter of unprecedented inflation that could lead to monetary tightening.
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