Karachi, Oct. 31 -- Karachi residents are facing another severe blow to their household budgets as liquefied petroleum gas (LPG) prices have surged sharply, with the market rate reaching Rs550 per kilogram after increasing by Rs50 within just 24 hours. The prevailing price is almost twice the officially notified rate, highlighting the growing gap between government regulations and ground realities, as reported by The Express Tribune.

According to The Express Tribune, market sources stated that Iranian LPG shipments have failed to reach Karachi's markets, creating a supply deficit that local marketing companies are allegedly exploiting by charging arbitrary prices. Difficulties surrounding LPG imports from Iran have further complicated th...