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Iran war sparks record high LPG prices in Pakistan

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Web Desk: Liquefied petroleum gas LPG prices in Pakistan surged sharply, with retail rates climbing from 250 rupees per kilogram to between 320 and 350 rupees, according to Ali Haider of the national Marketing Association.

The association attributed the spike to supply disruptions caused by the ongoing conflict in Iran. Markets across the country, including Karachi, have seen LPG prices rise by 30 rupees per kilogram in a single day, while the official government-set price remains 226 rupees per kilogram.

“Since the Iran war began, LPG supply has tightened, creating upward pressure on prices,” Ali Haider said. He added that the trend is expected to continue unless imports are arranged from alternative sources.

The association urged the government to facilitate LPG imports from Russia or Oman to stabilise domestic rates.

The LPG price surge follows recent increases in other petroleum products, triggering a new wave of inflation across Pakistan. Rising fuel costs are already affecting the prices of everyday goods, transportation, and food items, with the LPG hike adding further pressure on household budgets.

Analysts warn that unless supply lines are diversified and imports expedited, further price increases may strain consumers and worsen overall inflation.

Read more: Digital revolutions: Pakistan launches 5G spectrum auction

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