Liquefied Petroleum Gas (LPG) prices have witnessed a sharp increase across markets, with consumers in Peshawar facing rates far above the official tariff.

According to market reports, LPG is being sold between Rs 380 and Rs 420 per kilogram in different areas of the city. However, the official price set by authorities remains Rs 304 per kilogram, highlighting a clear gap between regulated rates and market reality.

Dealers in several parts of the country are reportedly charging above the official price, with similar disparities observed in other cities of Pakistan as well. Consumers say enforcement of official pricing remains weak, allowing vendors to increase rates freely.

Global oil market pressure

The price hike comes amid rising tensions in the Middle East, which have pushed international energy markets higher. Brent crude saw a 6.27 percent increase, reaching $114 per barrel, while UAE’s Murban crude rose 3.54 percent to $107 per barrel.

At the same time, US crude oil recorded a 1.5 percent decline, settling near $105 per barrel, showing mixed global trends in the energy market.

Inflation concerns grow

Analysts warn that continued instability in the Middle East could further impact global oil prices, potentially pushing inflation higher worldwide. Some projections suggest that if crude oil rises toward $125 per barrel, it could create serious pressure on global economic stability.

The International Monetary Fund has already cautioned that rising energy prices may affect economic recovery and increase fiscal stress in developing economies.

With domestic LPG prices already climbing beyond official limits, consumers in Pakistan are likely to face further inflationary pressure in the coming weeks.