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LPG sector seeks probe into imports
Calls for setting up commission to investigate windfall gains made by importers
The local industry suggested two options to resolve the price disparity and provide a level playing field. PHOTO: FILE
ISLAMABAD:
The local liquefied petroleum gas (LPG) industry has called for formation of an inquiry commission to probe the windfall gains reaped by LPG importers, which have caused losses worth billions of rupees to the local industry and the national exchequer due to disparity in taxes.
The industry has also urged the prime minister to take notice of the situation and form a commission, like in the case of oil crisis, to investigate the gains made by the LPG importers.
Govt Announces a Huge Reduction in LPG Prices
Oil and Gas Development Company Limited (OGDCL) has announced a further reduction of Rs. 27 per kg in the production price of Liquified Petroleum Gas (LPG) fixed by the Oil and Gas Regulatory Authority (OGRA).
According to LPG Industries Association of Pakistan Chairman, Irfan Khokhar, in just two days, Pakistan’s LPG producer OGDCL cut the production price of LPG by Rs. 27 per kilogram, which was fixed by OGRA.
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Terming it Ramadan and Eid gift for the general public, Chairman LPG Association said that OGDCL has reduced the LPG production price from Rs. 74,223.47 to Rs. 47,000.
The OGDCL has reported to the government that serious challenges of LPG supply and uplifting are being faced by the domestic LPG producers. Reuters/File
ISLAMABAD: The state-run Oil and Gas Development Company Limited (OGDCL) has complained to the government over unfair treatment of liquefied petroleum gas (LPG) business of domestic producers against the imported commodity and demanded a level playing field.
The OGDCL has reported to the government that serious challenges of LPG supply and uplifting are being faced by the domestic LPG producers due to subsidised LPG imports and their requests over the last five months were not being heeded to.
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