LPG prices in Pakistan have fallen by Rs. 30 to Rs. 40 per kg over the past two days following the temporary resumption of supplies from Iran. A further reduction of Rs. 30 per kg is expected within the next two to three days.
The senior vice chairman of the LPG Distribution Association said market prices are gradually declining. However, he cautioned that the risk of an LPG shortage during the upcoming winter remains.
Only LPG Cargo Loaded Before October 16 Allowed
According to the association, Pakistani authorities have permitted only those LPG bowsers to enter the country that were loaded at Iranian refineries and reached the Pakistan-Iran border before October 16.
The total quantity of LPG in these shipments is estimated at 8,000 to 9,000 tonnes, enough to fulfil Pakistan’s demand for approximately three days only.
The association stressed that this temporary supply would not resolve the looming shortage. LPG prices had eased earlier this week following the arrival of a new shipment.
LPG Association Seeks Six-Month EIF Exemption
The All Pakistan LPG Distribution Association has urged the federal government to grant a six-month exemption from the Electronic Import Form (EIF) requirement for LPG imports from Iran.
The association has also approached Prime Minister’s Adviser Haroon Akhtar, requesting the restoration of the previous import mechanism for six months to ensure sufficient supplies during winter.
It warned that if Iranian LPG supplies are not restored, prices could climb to Rs. 1,000 per kg during winter. Earlier warnings also indicated that LPG cylinder prices could exceed Rs. 10,000, putting additional financial pressure on consumers.