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Tag Archives: LPG

Customs seizes 50,000 litres smuggled Iranian diesel in Larkana

LARKANA: The Anti-Smuggling Squad of Pakistan Customs posted in Larkana Division and customs check post, Jacobabad, on Friday seized 50,000 litres of smuggled Iranian diesel on a tip of worth approximately Rs3.5 million led by Incharge Inspector Aziz Ahmed Katpar. Aziz Ahmed told newsmen that the LPG bowser carried LPG to Quetta and after unloading it, filled smuggled diesel in ... Read More »

JOGMEC buys LPG from Itochu Corp to store in national reserves

TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) said on Thursday it had bought liquefied petroleum gas (LPG) from Itochu Corp to store in its national reserves. JOGMEC on Tuesday bought 22,000 tonnes of propane for the stockpiling base in Kurashiki in Okayama prefecture, for delivery until Aug. 12. JOGMEC said in a statement on Thursday it would ... Read More »

Japan Oil, Gas and Metals National Corp buys 44,000 tonnes LPG for national reserves

TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) on Monday bought liquefied petroleum gas (LPG) via a tender to store in its national reserves, a trade ministry official said on Monday. JOGMEC was seeking 44,000 tonnes of propane, which is to be delivered to the stockpiling base in Namikata in Ehime prefecture by August 10. The ministry official ... Read More »

Iran seeking to export 12ml oil on daily basis

TEHRAN: Iran is seeking to export 12 million liters of gas oil (diesel fuel) and 40 million liters of fuel oil on a daily basis in the current Iranian year (which started on March 21), the managing director of National Iranian Oil Products Distribution Company (NIOPDC) announced. Speaking to the Tasnim News Agency, Seyed Naser Sajjadi said this year, the ... Read More »

LPG Association asks FBR to reduce taxes on local production

LAHORE: Chairman LPG Association of Pakistan Farooq Iftikhar has urged Federal Board of Revenue to reduce taxes on the production of local LPG. Farooq Iftikhar told Customs Today on Thursday that cost of locally produced LPG is very high and local producers are inclining towards using foul means for producing gas by using spurious chemicals. The chairman said that locally ... Read More »

Customs ready to curb LPG smuggling through Taftan, Mand

MULTAN: Model Customs Collectorate Multan is ready to take stern action against the rampant smuggling of liquid petroleum gas LPG from Taftan and Mand borders. The LPG Association of Pakistan has appealed from the Chairman Federal of Revenue that relevant authorities should take action against the smuggling of Liquid Petroleum Gas. The consumption of LPG in Pakistan hangs around 2300 ... Read More »

Govt decreases LPG prices by Rs15/kg

LAHORE: The government of Pakistan on Thursday continued to provide relief to the people as the prices of Liquefied Petroleum Gas (LPG) have been cut by Rs 15 per kg. The LPG price cut-off would be implemented with immediate effect that will go down the LPG price to Rs 130/kg in Lahore and its neighboring areas. Earlier, the price of ... Read More »

Price of LPG hiked by Rs20/kg, domestic cylinder raised by Rs 250, commercial cylinder Rs 1000  

LAHORE : The marketing companies Saturday hiked the prices of LPG by Rs20 per kg ,thus raising the price of domestic cylinder by Rs250 and those of commercial cylinder by Rs1000. The Liquified Petroleum Gas (LPG) Distributors Association claimed that LPG producers had set price at Rs60,000 per ton while in international market, LPG price was at contact price (cp) ... Read More »

OGRA slashes LPG price by Rs5, domestic cylinder reduces to Rs60/kg, commercial to Rs120/kg

ISLAMABAD: OGRA cut LPG price by Rs 5 for 2nd time and crackdown on blackmarketers is in full swing. According to the details, the price of Liquefied Petroleum Gas (LPG) was cut by Rs 5/kg by various marketing companies country-wide here the other day on OGRA recommendation.  An operation by Oil and Gas Regulatory Authority (OGRA) against LPG marketing companies ... Read More »

Qatar slashes price offer for LNG sale to Pakistan from $18 to $14 per MMBTU: SSCGL

ISLAMABAD: Sui Southern Gas Company Limited (SSGCL) Managing Director Shoaib Warsi has revealed that after declining trend in global market, Qatar has also cut its price offer to sell liquefied natural gas (LNG) to Pakistan from $18 per Million British Thermal Units (MMBTU) to $14, reducing price by about 22 per cent. While talking to the media, the SSGCL MD said ... Read More »

OGRA cuts LPG price by Rs 5 for 2nd time, crackdown on black marketers in full swing

ISLAMABAD: OGRA cut LPG price by Rs 5 for 2nd time and crackdown on blackmarketers is in full swing. According to the details, the price of Liquefied Petroleum Gas (LPG) was cut by Rs 5/kg by various marketing companies country-wide here the other day on OGRA recommendation.  An operation by Oil and Gas Regulatory Authority (OGRA) against LPG marketing companies ... Read More »

Rs10/kg cut in LPG price takes Karachi rate to Rs110, Lahore rate to Rs125

KARACHI: Liquefied Petroleum Gas (LPG) prices have been cut by Rs 10 per kg after slide in the prices of petroleum products. The city district governments teams and Oil and Gas Regulatory Authority (OGRA) have started raiding LGP marketing companies and retailers to implement new prices following marketing companies denial to reduce gas price event after considerable price cut in ... Read More »

21 LPG companies fined; OGRA implements Rs10/kg price cut with iron hands

KARACHI: Liquefied Petroleum Gas (LPG) price has been cut by Rs 10 per kg after slide in the prices of petroleum products. The city district governments teams and Oil and Gas Regulatory Authority (OGRA) have started raiding LGP marketing companies and retailers to implement new prices following marketing companies denial to reduce gas price event after considerable price cut in ... Read More »

LPG price slashed by Rs10/kg; OGRA launches crackdown, imposes fine on 21 companies

KARACHI: Liquefied Petroleum Gas (LPG) price has been cut by Rs 10 per kg after slide in the prices of petroleum products. The city district governments teams and Oil and Gas Regulatory Authority (OGRA) have started raiding LGP marketing companies and retailers to implement new prices following marketing companies denial to reduce gas price event after considerable price cut in ... Read More »

LPG price slashed by Rs10/kg, selling at Rs125 in Lahore, Sialkot, Faisalabad

KARACHI: Liquefied Petroleum Gas (LPG) price has been cut by Rs 10 per kg after slide in the prices of petroleum products. The city district governments teams and Oil and Gas Regulatory Authority (OGRA) have started raiding LGP marketing companies and retailers to implement new prices following marketing companies denial to reduce gas price event after considerable price cut in ... Read More »

Transporters refuse to cut bus fares by 12 % despite oil price reduction

KARACHI: Despite major reduction in oil prices, the transporters have refused to cut bus fares by 12 percent as expected on the plea that their vehicles ran on CNG. Karachi Transport Ittehad president Irshad Bukhari argued that since Karachi public transporters had already converted their minibuses and coaches from diesel to CNG, the cut in oil prices was meaningless to ... Read More »

Historic cut of Rs17.50 per kg in LPG price expected: Irfan Khokhar

LAHORE:  Local LPG price of LPG will be cut by Rs.17.50 per kg since the price of Liquefied Petroleum Gas (LPG) reduced by 148$ per ton in the international market, said Irfan Khokhar, Chairman LPG Distributors Association. After the reduction in the LPGH price in the international market from 753$ to 605$ per ton, local LPG price will be cut ... Read More »

Asian LPG prices slid to near 28-month lows

BEIJING: Asian LPG prices lowered to near 28-month lows, with CFR South China refrigerated cargoes assessed at $684/mt for propane and $679/mt for butane, down 3-5% from last Thursday’s $706/mt and $711/mt, respectively, Platts data showed. Both imported and domestically produced LPG prices dropped in South and East China in a week, mainly weighed down by the bearish market outlook. Trade ... Read More »

OGRA intervenes to reduce LPG price by Rs25/kg, black marketeers fined Rs500,000

LAHORE: Liquefied Petroleum Gas (LPG) marketing companies, after the intervention of the Oil and Gas Regulatory Authority (Ogra), has cut the gas price by Rs25 per kilogramme. The LPG Distributors Association has the price of LPG has been decreased by Rs300 per domestic and 1,200 per commercial cylinder by the companies. LPG Association Chairman Irfan Khokhar said that the association ... Read More »