LPG Prices Surge in Pakistan and Fiji Amid Supply Gaps
Fuel and LPG prices are rising in Pakistan and Fiji due to disrupted Iranian shipments, global market volatility, and extended force majeure on LNG supplies.
Liquefied petroleum gas (LPG) and fuel prices are rising across Pakistan and Fiji, driven by geopolitical tensions and supply disruptions. In Fiji, the Fijian Competition and Consumer Commission implemented regulated price increases for motor spirit, diesel, kerosene, and LPG effective November 1, 2026, citing a 28 percent increase in the OPEC reference basket caused by the Russia-Ukraine war and Middle East tensions.
In Pakistan, the Oil and Gas Regulatory Authority (OGRA) raised the official LPG rate for November 2026 to Rs 294.70 per kilogram. However, market rates in Karachi have surged to Rs 550 per kilogram, nearly double the official price. This spike follows a Rs 50 increase within 24 hours, attributed to a failure of Iranian shipments to reach the market. Local marketing companies are allegedly exploiting the shortage by charging arbitrary prices, leading to a 50 percent decline in sales for some retailers.
Supply constraints are expected to persist as QatarEnergy extended its force majeure on LNG supplies until December 29. This limitation, combined with a looming winter gas crisis and inflation linked to a US-Iran war scenario, has left the government struggling to secure alternative cargoes. Irfan Khokhar, Chairman of the LPG Distributors Association, has accused companies of illegal profiteering and black-marketing, noting that prices in various cities have reached between Rs 500 and Rs 600 per kilogram.
