ISLAMABAD: With the aim to give masses relief, the federal government is striving to regulate prices of liquefied petroleum gas (LPG), said LPG Distributor Association Chairman Irfan Khokar.
Talking to APP, he said, “A summary spelling out an approach to offset shocks in LPG market and maintain the commodity’s price at affordable range for the consumers throughout the year is awaiting approval by the Economic Coordination Committee (ECC).”
He said the summery prepared following extensive consultations with all stakeholders was providing for regulating LPG prices by the Oil and Gas Regulatory Authority(Ogra) with periodic prices revision keeping in view relevant factors.
However, he added, a domestic cylinder would remain unchanged for Rs 900 throughout the year, if the associations’ input were accorded approval and the same was also sailed through the ECC meeting. He said the current local production stood at 1600 tons per day and its demand had soared to 3000 tons per day, necessitating for the government to put matters of LPG market in order and extend relief to consumers.
He said the demand was likely to further exceed if domestic sector was not supplied with smooth gas supply in peak winter season.
However, he added, the LPG association would strongly resist upward revision in LPG prices and unlike the past, he vowed, the price would remain unchanged over the winter season, this year. He was of the view hefty duties and taxes on LPG import was an impediment to the government’s efforts to ensure its stocks at adequate level, thus policy makers should revive matters on this front as well.
He was of the view the Ogra which had fallen short of playing its role, should bind LPG policy marketing companies to import certain percent of quota to bridge supply and demand gap in the country.
