#lpg cylinder price in pakistan

[senabharti1]

LPG Cylinder Price: 1 मई को सस्ता हुआ एलपीजी गैस सिलेंडर, आम लोगों के लिए चैन की सांस

LPG Cylinder Price: दोस्तो मोदी सरकार ने आम लोगों को फिर से एक बार तोहफा दिया है। आज मई महीने का पहला ही दिन है। दोस्तों आप को बता दें कि हर महीने की पहली तारीख को LPG सिलेंडर की कीमतें तय होती है। और आज फिर से एक बार ऑयल मार्केटिंग कंपनियों ने 19 किलोग्राम वाले कमर्शियल गैस सिलेंडर की कीमतों में फिर से कटौती कर दी है। LPG Cylinder Price 1 May 2024 LPG CYLINDER Price: दोस्तों बता दें कि जो घरों…

[newsaryavart]

भारत में महंगा हुआ LPG, इमरान ने घटाए पेट्रोल-डीजल के दाम Petrol and Diesel Price in Pakistan: पाकिस्तानी प्रधानमंत्री इमरान खान (Imran Khan) ने भारत में पेट्रोल-डीजल (Petrol and Diesel Price) के बढ़े दाम को लेकर निशाना साधा है। उन्होंने पाकिस्तान में 1 जून से कम की गई ईंधन की कीमतों (Fuel Price in Pakistan) का उल्लेख करते हुए दावा किया कि पूरे साउथ एशिया में पाकिस्तान से सस्ता डीजल-पेट्रोल किसी भी देश में नहीं है। बता दें कि भारत में मंगलवार को ही रसोई गैस (LPG Cylinders Price In India) के दाम में बढ़ोत्तरी की गई है।

[fastworldnews1]

Price of LPG cylinders increased by Rs343.4 per 11.8kg cylinder

The price of an LPG cylinder for domestic use has increased by a whopping Rs343, Geo News reported Friday. The Oil and Gas Regulatory Authority (OGRA) issued a notification in which the price of an 11.8kg LPG cylinder for domestic use has been set at Rs2,403.55.

The new prices came into effect today, October 1. The notification disclosed that the price of an LPG cylinder has increased by Rs29.11 per kg, which means that the new price of an LPG cylinder for domestic use is Rs203.69.

Since LPG is considered the “poor man’s fuel” and is also used in majority of the areas where gas is not available, it might hit the household budgets of a large part of the population. The price of LPG has been on the rise for the last several months.

Propane and butane are two major components of LPG, which Middle Eastern oil producers sell to Asian countries.

The price of a commercial cylinder weighing 45.4kg also increased by Rs1,321/cylinder and will be sold for Rs9,247. According to a notification, the LPG price has increased by Rs29.1/kg to Rs203.7/kg from the September price of Rs174.6/kg

Ogra also announced an increase in the prices of petroleum products, which also came into effect today.

The petrol price has been jacked up "due to increase in the petroleum prices in the international market", said a Finance division notification.

"Ogra has worked out the higher petroleum prices but the prime minister has decided against the recommendation and passed the minimum increase in prices on to the consumers," it said.

The government has absorbed the higher international pressure of prices through a reduction in the petroleum levy and sales tax, it added. "Petroleum prices in Pakistan are the cheapest in the region," the notification claimed.

Meanwhile, kerosene costs Rs7.05 more and is priced at Rs99.31 per liter, while light diesel oil became Rs8.82 dearer to cost Rs99.51 per liter. The price of LPG has been increased by a whopping 16.67% to Rs2,403.5 per cylinder for October.

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[papersjobs]

Weekly inflation increases by 0.50%: PBS

Weekly inflation increases by 0.50%: PBS

A vendor arranges different types of rice, with their prices displayed, at his shop in a wholesale market in Karachi, Pakistan, June 1, 2015. — Reuters/File SPI for the week under review was recorded at 149.01 points. Prices of 7 items decreased, 18 increased, 26 remained constant. Price of eggs, LPG Cylinder, onions, potatoes, and some others record decrease. ISLAMABAD: The weekly inflation in…

[swstarone]

LPG price hiked by Rs 21.78 - Pakistan

LPG price hiked by Rs 21.78 – Pakistan

**The price of domestic cooking gas or liquified petroleum gas (LPG) has been hiked by Rs 21.78 per cylinder. ** According to details, the Oil and Gas Regulatory Authority (OGRA) has increased the price of LPG by rs. 21/78 and a notification in this regard has also been issued. After the latest price hike, a 11.8 kilogram domestic LPG cylinder will cost Rs. 1885. Similarly, the price of a…

[newseedailynews]

WORLD NEWS SUPERFAST

India News - Big terrorist conspiracy foiled in J&K - According to information received by World News superfast, on the second anniversary of the Pulwama attack, the security forces foiled a major conspiracy of terror attack. 

Security forces recovered about 6 kg improvised explosive device (IED) from Jammu bus stand on Sunday. According to the police, the Pakistan-backed terrorist organization Al Badr conspired to blast the second anniversary of the Pulvaama attack.

This time the blast was to be held in Jammu

According to information received by the World News superfast, a person named Sohail in this case came to plant an IED on the instructions of Al Badr. He had to place explosives at one of the Raghunath temple, bus stand, railway station and Lakhdata Bazar. After that he was about to flee from Srinagar to flight.

5 day remand towards Bengaluru

Greta Thanberg's account on the farmers' movement has received important information from Activist Disha Ravi, arrested in the Share Toolkit case. According to the Delhi Police, Disha itself created the toolkit by creating a Google Dock and circulated it. For this, he formed a WhatsApp group. She was also involved in drafting this toolkit. 

Police said that Disha added many information to the toolkit and edited it and went viral on social media. He edited the toolkit and shared it with Greta Thunberg. The Delhi court has sent him to the custody of the special cell for 5 days.

LPG becomes expensive for the second time in February

According to the information received by the World News superfast, people suffering from rising prices of diesel and petrol have received another blow. The government has directly increased the price of LPG gas cylinder by Rs 50. After this, the price of 14.2 kg domestic gas cylinder in Delhi will be Rs 769. 

The increased prices have come into force from 12 pm on Sunday night. Gas cylinder prices have been raised for the second time in February. Earlier, on February 4, the non-subsidized cylinder became expensive by Rs 25. Now 10 days later, on February 14, its price has been increased by 50 rupees. This means that so far in the month of February, the price of domestic cylinders has increased by Rs 75.

12 bodies found on Sunday in Tapovan (Forest Era)

According to information received by World News superfast, 12 bodies were found on Sunday, the eighth day of the rescue operation in Tapovan, Chamoli. 5 more bodies were recovered from NTPC tunnel, while 6 bodies were also found from Raini village. 

At the same time, a corpse (human organ) was found from Rudraprayag. So far, 50 bodies have been found after the accident. In the evening, another body was found inside the tunnel, which was trying to remove it. The rescue team said that we still hope to rescue those trapped in the tunnel. In this tunnel, 32 workers are feared trapped.

CM of Gujarat fainted on stage

According to information received by World News superfast, Gujarat Chief Minister Vijay Rupani fainted while giving a speech on stage on Sunday. He reached Nizampura in Vadodara to campaign for the civic elections. The Chief Minister fell round at the meeting held here. After this, his further schedule was canceled. 

The doctors gave Rupani the first aid on the stage itself. After this he himself descended down the stairs. After treatment, he left for Ahmedabad. This was Rupani's third rally of the day. He reached Nizampura after holding election meetings in Tarsali and Karelibagh. According to doctors, Rupani's condition is fine. He fainted due to low blood pressure.

Rakesh Tikait lashed on the government again

According to information received by the World News superfast, Sunday was the 81st day of the peasant movement. At the Mahapanchayat in Karnal, Haryana, Rakesh Tikait, leader of the Bharatiya Kisan Union (BKU), attacked the central government. He said, 'Right now the soldiers and farmers have raised the slogan of return of law, we have not raised the slogan of return to the throne. 

Whatever the government, we will talk about the policy for farmers. Here, Haryana Agriculture Minister JP Dalal has given a controversial statement. He said that if the farmers were at home, would they not have died? Will not even 200 people die in 6 months? Farmers have died due to their will.

India's weight is heavy in Chennai Test

According to information received by World News superfast, the second match of the 4-Test series between India and England is being played in Chennai. On the second day, Team India scored 329 runs in the first innings. Rohit Sharma scored 161 runs. In response, England team could not even match Rohit's score and was reduced to 134 runs. However, with a faltering innings, the English team saved the follow-on. 

The team needed 130 runs to save the follow-on. By the end of the second day, Team India scored 54 after losing 1 wicket in the second innings. In this context, it took a 249-run lead over England. At the moment, Rohit Sharma (25) and Cheteshwar Pujara (7) are unbeaten.

Modi handed over 118 Arjun tanks to army

According to information received by World News superfast, Prime Minister Narendra Modi visited Tamil Nadu and Kerala on Sunday. In Chennai, he handed over 118 Hitech Arjun tanks (MK-1A) to the army. During this, Army Chief MM Narwane was also present. This tank has been built by DRDO at a cost of 8400 crores. 

After this the Prime Minister reached Kerala. Here he dedicated BPCL's Rs 6,000 crore propylene derivatives petrochemicals complex to the nation in Kochi. Modi also paid tribute to the soldiers who were martyred in the Pulwama attack in Tamil Nadu.

Rahul said - CAA will not apply

Congress leader Rahul Gandhi went to Assam on Sunday. He used the slogan Hum Do-Hamare, in Sivasagar district, while taunting Modi-Shah. Rahul and the rest of the Congress leaders appeared on stage wearing a "No CAA" scotch. We have put a cross on it. No matter what it means, CAA will not. Let us hear our two, anything will happen but there will not be a CAA here. ' Exactly one week ago Narendra Modi also visited Assam.

Expander

Fastag required on toll from today

According to information received by the World News superfast, from today i.e. Monday, Fastag will become mandatory in the whole country. Fastag will be required in all types of vehicles except two wheelers and tractors. If the car is not fastened, then double toll tax or penalty will have to be paid. From April 1, the government is also going to make fastag mandatory to buy third party insurance. 

In such a situation, for those vehicles that do not cross the toll plaza, it will be necessary to take fastag. There are currently over 2.54 crore Fastag users in the country. Fastag accounts for 80% of the total toll collection. NHAI has set a target of 100% cashless tax collection at toll plazas across the country.

Positive news

Million rupees a month earnings from startup

Delhi-based Divya Rajput has done more than 20 years of work in the education sector. She has also worked in the Ministry of Corporate Affairs. Right now Divya is running an eco friendly startup with four of her friends. 

Where they are selling almost everything they need everyday. Just three months ago these people launched their online platform. Up to 200 orders are coming in every month and business up to one lakh rupees is being done. Along with this, more than 200 women are being directly and indirectly connected with them, making their own living.

Earthquake for the second consecutive day in Japan

The earthquake was felt for the second consecutive day in Fukushima province of Japan on Sunday. According to the Meteorological Agency, its intensity was 5.2. The agency said that there was an earthquake at around 4.15 pm. 

Its center was 50 km deep from the ground. A tsunami warning has not been issued after the earthquake. Fukushima also experienced a magnitude 7.3 earthquake on Saturday night. 140 people were injured in it. Its tremors were felt as far as Tokyo. At the same time, the electricity supply of 9.50 lakh houses of the country was stopped.

Actress Dia Mirza's wedding today

According to information received by World News superfast, actress Dia Mirza is going to tie the knot with businessman Vaibhav Rekhi on 15 February. She had a pre-wedding bash on Saturday. The ceremony and wedding function will involve only close family members and close friends. 

The two have been dating each other for a long time. Vaibhav is a Mumbai-based businessman and lives in the Pali Hill area of ​​Bandra. According to reports, Vaibhav's first wife was Yoga and lifestyle coach Sunaina Rekhi and they also have a daughter.

What's more in the headlines

After the introduction of the Corona vaccine in the country, the number of people who lost their lives has reached 27. However, the government has claimed that these deaths have nothing to do with vaccination.

So far, about 1000 cases of new variants of Corona have been reported in 44 US states. The highest number of 981 cases are from the new strain of Corona found in Britain.

from WORLD NEWS SUPERFAST - LATEST BREAKING NEWS https://ift.tt/3ppAfJ8

[awesome-qb-news-5-us]

OGRA announces slash in LPG prices for the month of June - ARY NEWS

OGRA announces slash in LPG prices for the month of June – ARY NEWS

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ISLAMABAD: Oil & Gas Regulatory Authority (OGRA) on Monday issued a notification marking the prices for Liquified Petroleum Gas (LPG) for the month of June, ARY News reported.

LPG price has been slashed by Rs2 per kilogram whereas an LPG cylinder will now be available with a deduction of Rs24.59 per cylinder.

Read More: No shortage of fuel products in Pakistan, announces petroleum…

[jayu123-me]

Liquefied Petroleum Gas Market Revenue to reach US$299.05 bn by 2020

The Liquefied Petroleum Gas Market Revenue is highly competitive, featuring a large number of equally balanced competitors. The top five companies accounted for 17.2% of the global market in 2013. These companies are: Exxon Mobil, Royal Dutch Shell, Sinopec, Valero Energy, and BP PLC. New entrants have a higher chance of venturing into the market through distribution and retailing businesses, states Transparency Market Research (TMR). From the perspective of large market players, the industry is relatively consolidated.

Key players have branched out into LPG storage, distribution, and retailing businesses. In essence, these players are their own suppliers, thus resulting in negligible supplier power. Large companies are adopting the strategy of gradually diversifying their LPG marketing business across many other countries. Case in point. Royal Dutch Shell, divested its LPG business in India. It aims to sell off major stakes in its LPG business in Pakistan. Similarly, BP PLC has strategically invested in exploration and production projects for oil and gas in various regions around the globe.

The access to shale reserves can give a competitive edge to a company, states a TMR analyst. This is because competition in the LPG industry highly depends on price and having access to shale reserves will enable a company to provide LPG in much cheaper rates.  

Government Initiatives to Distribute LPG to Rural Areas Fuel Demand

Owing to their higher energy content and ability to burn easily as compared to other fuels, LPG, also known as autogas, is used as fuel in automobiles. The numerous environmental benefits of using autogas is another factor driving its demand. This is because autogas is considered to be greener as compared to other fuels such as gasoline and diesel. Autogas also enjoys legislative policy support and is cost-effective, thus driving its adoption.

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LPG is widely used as cooking fuel in residential sectors. The ease in transportation through pipelines, tankers, and cylinders results in the low cost distribution of LPG cylinders. Moreover, the low CO2 emission from LPG makes it one of the best fuels in the cooking sector. LPG is extensively used in the rural sector. The Indonesian government launched a conversion program and distributed LPG cylinders and gas stoves to the rural population. Similarly, the Indian government has also come up with initiatives, supporting the low cost distribution of LPG cylinders to rural sectors. All these factors contribute to the heightened demand for LPG.

Increasing Procurement of Non-associated Gas Weakens Impact of Volatile Crude Oil Prices on LPG Market

The price of crude oil is susceptible to fluctuation. This, in turn, affects the price of LPG. With the economy regaining stability after 2010, the price of crude oil, which had declined in 2009, has once again risen. This has a direct impact on the price of LPG. However, the prices of oil and natural gas is expected to decline, thus relieving the price of LPG acquired from non-associated gas from the volatility of crude oil prices. However, the growth in the production of LPG obtained from non-associated gas is expected to weaken the influence of the restraint.

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Expansion of Panama Canal to Facilitate Increasing Trade Opportunities

The Panama Canal is a major waterway facilitating the trade between North America and the Rest of the World. The expansion project of this waterway is expected to benefit trade between many regions, especially North America and Asia Pacific, in late 2016, when the project is expected to be completed. With the slashed transit cost, export routes between Asia Pacific and North America will open. This will reduce the cost of LPG and the surplus production from North America will be exported to Asia Pacific, thus satisfying the latter’s growing demand for LPG. Similarly, North America is expected to export LPG to Europe owing to the drying up of the North Sea. Thus, trade opportunities are increasing with the expansion of the Panama Canal.

By end use, the residential and commercial segment led in 2013, accounting for a 63.25% of the global LPG market. The segment is expected to continue its lead in the market in the coming years. By geography, the Middle East and Africa is expected to lead in the global LPG market, followed by Asia Pacific. By source, the non-associated gas segment is expected to witness the highest growth rate in the coming years.

According to the report, the global market opportunity in liquefied petroleum gas will rise from US$233.83 bn in 2013 to US$299.05 bn by 2020, expanding at a 3.4% CAGR between 2014 and 2020.

This information is based on the findings of a report published by Transparency Market Research titled “Liquefied Petroleum Gas Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020.”

Read our Case study at :

https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study

[anitakumarigrewal]

Compressed Natural Gas (CNG) Cylinders stores the CNG. It is safest aspects of using CNG as an alternative fuel made with shape of cylindrical shape by a semi-spherical shape covering each end and provides the strongest structural shape.

According to study, “Global Compressed Natural Gas (CNG) Cylinders Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” some of the major companies that are currently working in the global Compressed Natural Gas (CNG) cylinders market are Sinomatech, Worthington Industries, Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Praxair Technologies Inc., Everest Kanto Cylinders Ltd., Luxfer Group, Avanco Group, Beijing Tianhai Industry Co. Ltd., Hexagon Composites ASA, Quantum Fuel Systems Technologies Worldwide Inc., Rama Cylinders, CIMC ENRIC, Faber Industrie, S.P.A., Avanco Group.

Based on type, global CNG cylinders market is segmented into type 1, type 2, type 3 and type 4. Type is constructed from metals (aluminum & steel). Type 2 is constructed from metal liner reinforced by composite wrap (carbon or glass fiber) around middle (hoop wrapped). Type 3 is constructed frommetal liner reinforced by composite wrap around entire tank (full wrapped). Type 4 is constructed from Plastic gas-tight liner reinforced bycomposite wrap around entire tank (full wrapped). Based on material, market is split into composites and steel. Composites include boss, resin, liner and fibers. Based on structure, market is segmented into hemisphere end structure,concave-shape end structure and dish-shape end structure. Based on vehicle type, market is categorized into Heavy duty vehicles (HDVs), Medium duty vehicles (MDVs) and Light duty vehicles (LDVs). HDV is used owing to affordability and eco-friendliness. Based on testing, market is segmented into low temperature pressure cycling, environmental exposure test, hydraulic crush test, damage tolerance/gunfire test, bonfire test, hydraulic cycle pressure testing, drop impact testing and vibration test. Based on source, market is split into Unconventional Sources (CNG), associated gas and non-associated gas.

The global CNG cylinders market is majorly driven by increase in use of natural gas in the automotive industry, followed by increasing environmental awareness and growing demand in Asia-Pacific. The market growth for storage & transportation of CNG depends on government plans and initiatives switching over to other fuel. Apart from the major benefits, few of the restraints include refueling infrastructures for CNG and high cost of composite tanks &regulatory approvals. In addition, emergence of lightweight composite CNG cylinders is expected to add big opportunity to the market. However, market is impacted by few issues which include increase in competition and uncertainty related to oil prices.

The global CNG cylinders market has registered a substantial augmentation and is expected to witness a considerable increase in coming years due to increase production & exploration of natural gas, increasing demand for natural gas vehicles, and emergence of composite CNG cylinders. Asia-Pacific region is one the leading consumer of CNG cylinders, followed by Europe, and North America owing to increase in environmental concerns and high dependency on imported fuel, majorly from emerging countries such as China, Pakistan and India. In 2019, the global CNG cylinders market in terms of value reached at US $730 million and it is estimated to reach at US $1080 million, by 2024.

To know more, click on the link below:-

Global Compressed Natural Gas Cylinders Market

Related Reports:-

Global Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) Vehicles Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

World Compressed Natural Gas Vehicles Market Research Report 2024(Covering USA, EU, China, South East Asia, India, Japan and etc)

Contact Us:-

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[tekmodetech]

Shell out ₹50 more for LPG cylinder from this month Shell out ₹50 more for LPG cylinder from this month The Hindu LPGAP demands immediate withdrawal of hike in LPG prices Profit by Pakistan Today Full coverage Source link

[lovacedon]

Weekly inflation up 0.29pc

ISLAMABAD: The weekly inflation for the week ended on June 22 for the combined income groups increased by 0.29 percent as compared to the previous week.

According to the data released by Pakistan Bureau of Statistics (PBS) on Friday, the Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 220.48 points against 219.85 points last week.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed an increase of 1.74 per cent. The weekly SPI has been computed with base 2007, 2008-100, covering 17 urban centres and 53 essential items for all income groups.

Meanwhile, the SPI for the lowest income group up to Rs 8,000 increased by 0.26 percent as it went up from 209.07 points in the previous week to 209.61 points in the week under review. As compared to the last week, the SPI for the income groups from Rs8,001 to Rs12,000, Rs12,001 to Rs18,000, Rs18,001 to Rs35,000 and above Rs35,000, also increased by 0.27 percent, 0.29 percent, 0.29 percent, and 0.29 percent respectively.

During the week under review, average prices of 10 items registered decrease, while 8 items increased with prices of the remaining 35 items unchanged. The items, which registered decrease in their prices during the week under review included cigarettes, onions, gram pulse, moong pulse, red chilli, garlic, mash pulse, masoor pulse, LPG Cylinder, and wheat flour.

The items, which registered increase in their prices included tomatoes, chicken, egg, bananas, mutton, potatoes, gur and vegetable ghee. The items with no change in their average prices during the week under review included wheat, rice (basmati broken), bread, beef, milk, curd, milk (powdered), mustard oil, cooking oil, cooking oil (tin), vegetable ghee (tin), sugar, salt, tea (packet), long cloth, shirting, lawn, electric bulb, washing soap, match box, petrol, diesel, telephone local call and bath soap.

Weekly inflation up 0.29pc

[pakistannewssources]

A tweet

Ogra rejects govt request to set #LPG cylinder price at Rs1,100 https://t.co/VM2yioSnuX via dawn_com http://pic.twitter.com/fruYcb41zb

— Pakistan News (@Pakistannews) February 25, 2017

[awesome-qb-news-5-us]

LPG prices go up in Pakistan for May 2020, notifies OGRA

LPG prices go up in Pakistan for May 2020, notifies OGRA

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ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Thursday increased Liquefied Petroleum Gas (LPG) prices in the country for the month of May 2020, ARY NEWS reported.

According to a notification issued today, the per kilogram prices of the LPG was raised by Rs 21.65 which would increase the price of LPG cylinder by Rs 255.51.

The new rates for the 11.8 kilogram domestic cylinder…

[lovacedon]

LPG price up Rs10/kg

ISLAMABAD: Price of liquefied petroleum gas (LPG) has increased Rs10 per kilogramme due to its shortage in the local market, an industry official said on Wednesday.    

LPG price rose Rs10/kg and domestic cylinder price was up Rs100 and commercial cylinder Rs400. LPG demand is over 3,000 to 3,500 metric tons per month and would jump up to 7,000 metric tons in Ramazan. At present, LPG demand in the country stands at around 100,000-130,000 metric tonnes/month, out of which approximately 50 to 60 percent LPG is being imported, while the remaining is produced by the local producers.  One ship (with capacity of 5,200 metric tonnes) has been waiting for last 10 days and not allowed to berth by SSGC LPG Limited, a subsidiary company of Sui Southern Gas Company. One of the LPG vessel returned due to this.

“This situation is leading to millions of rupees in losses to the importers as well national exchequer,” said Irfan Khokhar, regional chairman of LPG standing committee of the Federation of Pakistan Chambers of Commerce and Industry.

    LPG price up Rs10/kg

[lovacedon]

Govt soon to supply RLNG to commercial consumers

LAHORE: Government will soon start offering re-gasified liquefied natural gas (RLNG) connections to commercial consumers for the first time as locally-produced gas is not available for them in the Punjab, officials said on Friday.

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi confirmed that the government planned to supply RLNG to commercial consumers.  Ample RLNG supplies are available for domestic use and it would be a wise move to utilise the fuel wherever required, Abbasi said. 

For the last five years, there had been a moratorium on issuance of new gas connections for commercial consumers. The present government, however, took an initiative and recently withdrew ban on new commercial connections.

Commercial consumers include cafes, bakeries, milk shops, tea stalls, canteens, barber shops, laundries, hotels, malls, cinemas, clubs, theatres, private offices and corporate firms.

Petroleum minister said the country would have 1.5 billion cubic feet per day (bcfd) of LNG in the system by this year-end. He, at an event this week, said the first LNG terminal is already handling 600 mmcfd (million cubic feet/day) of gas, while the second terminal would be operational within the next two months. 

The country’s domestic gas production has been stagnant at four bcfd for the last 15 years while the demand is around seven bcfd, indicating a demand and supply gap of three bcfd.

System gas is available to consumers in Sindh, Khyber Pakhtunkhwa and Balochistan, but there is a restriction on new gas consumers in the Punjab to benefit from cheap gas due to provisions in the constitution. Such consumers in the province currently have no option than to buy costly liquefied petroleum gas (LPG).

Even after the ban lift, commercial consumers in the the Punjab would get comparatively costly gas in the form of RLNG. Commercial consumers in the province, for instance, will pay 30 percent more for RLNG compared with the tariff of system gas, which is being offered to commercial consumers in other provinces.

Yet, the RLNG tariff will be 50 percent cheaper than LPG, which is available in cylinder. RLNG will be a preferred choice for commercial consumers in the Punjab as it will be available through gas network. 

“The consumers have two choices: they stay like they are today without gas or go for a sustained supply of piped gas in the form of RLNG,” said an official.

The RLNG tariff will not remain constant as it changes every month based on an average cargo price in a previous month.

The official said the present government has been able to reduce shortage of gas in the country while successfully opening window of imported or RLNG gas. RLNG would not go to domestic consumers, he added. 

“We have already managed to give 1.5 million new connections to domestic consumers,” said a senior official. But, he added, offering RLNG to all consumers should be considered a forward looking approach as it will help in further reducing gap in gas demand and supply in the country.

The official denied an impression that issuance of RLNG-based connections to commercial consumers would hurt LPG business. “Plenty of business is there for everybody working in energy sector,” added the official.

A founding member of the All Pakistan LPG Distributors Association said the government’s decision to provide RLNG to commercial consumers would definitely hurt business of LPG producers and marketing companies. 

The association’s member said LPG has successfully made inroads into the segment of commercial consumers in the past several years. Commercial entities in the province are regular buyers of LPG throughout a year. However, he feared that the proposed LNG supply would definitely dent LPG sector. —Munawar Hasan

  Govt soon to supply RLNG to commercial consumers

[lovacedon]

Weekly inflation down 40 basis points

ISLAMABAD: The expectations of a rise in the prices of common commodities during the current fiscal year continue to remain well grounded as inflation, calculated  for the combined income groups, decreased by 40 basis points on a week-on-week basis, Pakistan Bureau of Statistics (PBS) data showed on Friday. 

The PBS numbers revealed the Sensitive Price Indicator (SPI) for the week ending on April 28, 2017 figured at 220.10 points against 220.99 points in the previous week, down 0.4 percent.

According to State Bank of Pakistan (SBP), this has been largely due to the near-absence of any major supply side pressures.  As compared to the corresponding week of the last year, the SPI for the combined group in the week under review witnessed an increase of 3.02 percent. 

The PBS said that the weekly SPI has been computed with base 2007, 2008=100, covering 17 urban centers and 53 essential items for all income groups and combined. 

Another comparison showed that the SPI for the lowest income group (up to Rs8,000) decreased by 0.49 percent, going down from 210.19 points last week to 209.15 points in the period under review.

As against to the last week, the SPI for the income groups from Rs8001 to 12,000, Rs 12,001 to 18,000, Rs 18,001 to Rs35,000 and above Rs35,000, also decreased by 0.46 percent, 0.45 percent,0.4 percent and 0.35 percent respectively. 

During the week under review, average prices of 17 items went down, rates five items increased, while the prices of rest of the 31 items remained unchanged.

The items, which were sold at comparatively lower prices during the week included tomatoes, onions, garlic, eggs, potatoes, bananas, LPG cylinder, chicken, wheat flour, vegetable ghee, wheat, sugar, masoor pulse, gur, red chili, mash pulse and gram pulse.

The items, the average prices of which inflated, included tea (packet), moong pulse, mutton, rice (basmati broken) and curd.

 The central bank in its last month’s monetary policy statement said that going forward, improving consumer confidence, as depicted by Consumer Confidence Survey of March 2017, indicates further increase in consumer demand.

  Weekly inflation down 40 basis points