LPG prices may finally fall as Pakistan plans massive imports
Consumers struggling with expensive liquefied petroleum gas (LPG) may soon receive relief as Pakistan prepares to import 70,000 metric tonnes of LPG from the international market.
According to industry sources, SLL International, a subsidiary of Sui Southern Gas Company (SSGC), has issued two separate tenders to purchase LPG from the global spot market.
One tender covers 20,000 metric tonnes, while the other is for 50,000 metric tonnes. Pakistan State Oil (PSO) and PARCO will also purchase LPG from international suppliers to improve domestic supplies.
When will imported LPG reach Pakistan?
According to company sources, ships carrying imported LPG are expected to reach Pakistan within the next 15 days.
Based on current international market prices, imported LPG is expected to cost around Rs450 per kilogram upon arrival.
After adding a small profit margin, the imported fuel could be sold to consumers for approximately Rs460 per kilogram.
How much cheaper will LPG become?
Currently, LPG is being sold across Pakistan at prices ranging from Rs530 to Rs630 per kilogram.
If the expected import prices materialise, consumers could save between Rs70 and Rs130 per kilogram compared with current market rates.
Will consumers finally get relief?
The planned imports aim to increase LPG availability, improve competition and bring down prices during the winter season.
However, the expected reduction will depend on the arrival of shipments and the actual selling prices set by the importing companies.