Pak petroleum ministry likely to reduce LPG prices

Pakistan's Ministry of Petroleum and Natural Gas is likely to reduce the price of liquefied petroleum gas (LPG).

According to the Dawn, the ministry has devised a formula under which the per kilogram price of the commodity would witness a decrease by up to Rs.108 if it is fixed at Rs.92.50 per kilogram across the country.

The paper said it has a copy of the official documents related to the proposed formula, which is to be forwarded to the federal cabinet's Economic Coordination Committee (ECC) for approval.