LPG prices in Pakistan have risen sharply, forcing rickshaw drivers to cut meals
Pakistan's central bank raised interest rates to 12 percent last week. LPG prices surged after Iranian border crossings closed, cutting off daily imports. Inflation hit 9.6 percent in October. Daily LPG imports from Iran stood at about 7,000 metric tons before the border closures.
- The central bank raised interest rates to 12 percent last week.
- Traders said the price of a 12-kg cylinder jumped 56 percent within days of the closure.
- Inflation in Pakistan hit 9.6 percent in October.
- Pakistan imported about 7,000 metric tons of LPG a day from Iran before border closures.
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