There is good news for citizens that after the reduction in LPG prices, it has now been fixed at Rs 290 per kg, which will provide partial relief. According to sources, this reduction was implemented after the government and related institutions reviewed the prices.
However, consumers and experts say that for real relief, LPG should be sold at the rate of Rs 209 per kg set by OGRA. OGRA had already fixed the price of LPG at Rs 209 per kg, but these rates could not be implemented in practice in the market.
Economist Dr. Fahad Mahmood says, “LPG plays a key role in both domestic and industrial uses. A price cut can immediately reduce the daily expenses of consumers, especially for domestic consumers and hotel and restaurant owners.”
According to experts, if the prices fixed by OGRA are implemented in the market, the activities of illegal profiteers can also be controlled. Consumer organisations are demanding that the government ensure that the price of LPG is transparent and as per the fixed rates.
The industrial sector will also be affected by the reduction in the price of LPG, as many factories and commercial establishments use LPG as a primary source of energy. Economists have suggested that the government should constantly monitor the market so that fuel is available to consumers at the fixed rates.
According to official sources, the new LPG price of Rs 290 per kg will provide temporary relief to citizens, but for a long-term solution, it is necessary to maintain a balance between local production and imported fuel supply.
Citizens say that due to illegal margins on LPG, prices exceed the rates set by OGRA, which increases public expenses. Experts believe that transparency in prices and implementation of OGRA rates will restore public confidence.
