State owned LPG producers Pak Arab Refinery and Pakistan Petroleum Limited have increased the base stock price of LPG from Rs 69, 623 to Rs 79,340 following the increase in Saudi Aramco Contract Price for January. The new price inclusive of taxes is Rs 92,136 per ton, which represents an increase of Rs 11,274 from the previous month.
"The new Saudi Aramco Cp coupled with the devaluation of the Pakistan Rupee has resulted in the highest ever price charged by local LPG Producers" said Belal Jabbar, a spokesman for the LPG Association of Pakistan.-PR