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LPG prices hike hit Kabul residents hardest

AT Monitoring Desk-KABUL: The new rate in liquid gas (LPG) prices which represents Afs20 hike in every kilogram has sparked anger among Kabul residents as they said they were shocked about the new price and that it will be difficult for them afford it.
The Ministry of Commerce and Industries (MoCI) however says that the LPG prices were expected as there has been a decrease in its import in local markets.

The ministry said the prices have not reached the level to claim that there have been abuses.

TOLOnews quoted MoCI spokesman Musafir Qoqandi as saying that if there was any abuse, then they were committed to take legal action against anyone involved.

Kabul residents say it is the first time that LPG prices have increased in summer season while it was expected to surge during winter because of high demand in market.

“A few days back, the prices were at least Afs33, but today we bought it at Afs50,” said Mohammad Musa Joyinda, a resident of Kabul.

He prodded the local traders to address the problem and import more liquid gas to overcome the prices hike.

He blamed the blame the government for the price hike, and urged that the problem has to be resolved soon.
Analysts say the broader market trend in Afghanistan can stem from the declining value of LPG in global markets.

Several Afghan businessmen have reportedly faced financial loses tied to the shifting LPG market, and have resorted to practices that are potentially detrimental for the broader consumer market in order to recuperate.

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