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Pakistan

LGP Price Reduced By Rs20 Per Kg

Major Drop In Lpg Price In Pakistan

The cost of Liquefied Petroleum Gas (LPG) has witnessed a significant reduction of Rs20 per kilogram following the normalization of relations between Pakistan and Iran. Irfan Khokhar, Chairman of the LGP Distributors Association, disclosed that the per-kilogram price of LPG has been revised from the previous rate of Rs300/kg to the new rate of Rs280/kg.

Additionally, the prices of the domestic cylinder, weighing 11.8 kilograms, and the commercial cylinder have experienced reductions of Rs230 and Rs900, respectively. Khokhar expressed the anticipation of further declines in LPG prices, citing the positive impact of improved diplomatic ties between Pakistan and Iran.

Read more: LPG Price Surged By Rs40 Per Kg

The Chairman highlighted the role of the thaw in Pak-Iran relations, asserting that it thwarted the profit-oriented plans devised by the LPG mafia. The normalization of relations has effectively countered attempts by certain elements to exploit the market and maximize profits in the LPG sector.

A pivotal development in the context of Pakistan-Iran relations is the arrival of Iranian Foreign Minister Dr. Hossein Amir Abdollahian on January 29, 2024. This visit is significant as both Islamabad and Tehran are actively working to de-escalate tensions following recent military strikes. The Iranian Foreign Minister’s arrival occurred a day after unidentified attackers targeted and killed nine Pakistanis in Iran’s Sikran.

Leading a high-level political, military, and security delegation, Dr. Abdollahian landed at Nur Khan Air Force Base in Rawalpindi. Welcoming the Iranian delegation were officials from Pakistan’s Ministry of Foreign Affairs (MoFA) and the Iranian ambassador to Pakistan. This visit holds substantial diplomatic importance, as the Iranian minister and his team are scheduled to engage with their Pakistani counterparts, including Jalil Abbas Jilani, addressing critical regional security and other pertinent issues during their stay in Islamabad.

The reduction in LPG prices serves as a tangible outcome of the positive diplomatic developments between Pakistan and Iran. The decreased cost is expected to bring relief to consumers and curb potential exploitation by certain groups within the LPG industry. Furthermore, the visit of the Iranian Foreign Minister signals a joint commitment by both nations to address and resolve regional concerns collaboratively. As discussions unfold, it is anticipated that the ongoing diplomatic engagements will contribute to fostering a climate of stability and cooperation in the region. The synchronized efforts between Pakistan and Iran aim to pave the way for improved relations, ultimately leading to enhanced security and mutual understanding between the two neighboring countries.