Govt taking effective measures to facilitate LPG consumers
ISLAMABAD : The government is taking concrete measures to regulate prices of Liquefied Petroleum Gas (LPG) in order to extend relief to masses. 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), said LPG Distributor Association’s chairman Irfan Khokar.
He said the summary was prepared after extensive consultations with all stakeholders for regulating LPG prices by the Oil and Gas Regulatory Authority (OGRA) with periodic prices revision keeping in view the relevant factors.
However, a domestic cylinder would remain unchanged for Rs 900 throughout the year, if the associations’ input was accorded approval and the same was also sailed through the ECC meeting, he added.
Irfan Khokar said the current local production stood at 1,600 tonnes per day and its demand had soared to 3,000 tonnes 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, the LPG association would strongly resist upward revision in LPG prices and unlike the past, he vowed. 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 said OGRA, which had fallen short of playing its role, should bind the LPG policy marketing companies to import certain percentage of quota to bridge supply and demand gap in the country. Moreover, the concerned authorities were also needed to take effective measures to prevent unjustified raise in LPG prices as consumers were already grappling to make ends meet.