The price of LPG in Pakistan has decreased significantly following recent changes in global energy markets. The reduction comes after a decline in petroleum prices, offering some relief to consumers across the country.
According to market updates, the per-kilogram price of LPG has dropped by Rs20. This brings the retail rate to around Rs390 per kilogram in the open market. The decline is linked to improved supply conditions after the reopening of the Strait of Hormuz, a key route for global oil shipments.
The Oil and Gas Regulatory Authority has set the official price of LPG at Rs304 per kilogram. However, reports indicate that the product is still being sold at higher rates in many areas. This gap between official and market prices continues to be a concern for consumers.
The recent drop in prices follows broader changes in the energy sector. A day earlier, Prime Minister Shehbaz Sharif approved a major reduction in diesel prices. The price of diesel was cut by Rs32.12 per litre, bringing it down from Rs385.54 to Rs353.43.
Officials said the government is working to ensure that the benefits of lower fuel costs reach the public. Authorities are expected to monitor market conditions to control overpricing and improve enforcement of official rates.
The reopening of the Strait of Hormuz has played an important role in stabilizing energy supplies. Iranian Foreign Minister Abbas Araghchi stated that commercial vessels are now allowed to pass under a ceasefire arrangement. This has helped ease supply concerns and reduce global price pressure.
US President Donald Trump also welcomed the development, noting that the route is open for shipping. Improved flow of oil and gas through this channel has contributed to falling energy costs.
Experts say that if global trends continue, LPG prices in Pakistan may remain stable or decline further. Lower fuel costs can reduce household expenses and ease pressure on transportation and industry.
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Despite the positive trend, authorities have urged strict monitoring of market rates. Ensuring fair pricing remains key to delivering real relief to the public.
