ISLAMABAD: The Oil and Gas Development Company Limited (OGCL) has reduced its base stock price of LPG by Rs 10 per kg collectively Rs. 7000 per ton due to low sale and reduced purchase of the commodity by marketing companies and dealers.

After the current reduction of LPG prices, domestic cylinder price has declined by Rs 85, while price of commercial cylinder declined by Rs 315. This decrease would be implemented immediately. According to Irfan Khokhar, Chairman All Pakistan LPG Distribution Association the LPG prices in future would further decline.

Belal Jabbar the spokesman for the LPG Association of Pakistan (representing LPG marketing companies) said that LPG prices in different parts of the country would be as follows: Punjab Rs 115 per kg, Sindh and Balochistan Rs 110 per kg, AJK, Rs 120 per kg and Northern Areas Rs 125 per kg.