Govt changes stance on LPG policy
Petroleum Division proposes local price that is $80 above international rates
The local industry said that LPG is a poor man’s fuel and it is essential to keep its prices at a affordable level, which is not reflected in LPG Policy. PHOTO: AFP
ISLAMABAD:
The Petroleum Division has taken another U-turn in the new draft of the LPG Policy 2021, as it proposed local LPG price of around $80 over the international price.
This means that LPG importers will be able to charge $80 above CP price. Saudi Aramco sets its propane term contract price, which is then followed by Pakistan.
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FPCCI demands equal tax on LPG
July 7, 2021
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday demanded equal taxation for imported and locally-produced LPG to provide the industry with a level-playing field, and urged large oil refineries to also raise their voice in support of their distributors.
FPCCI President Mian Nasser Hyatt Maggo said that FPCCI was not against LPG import, but, against disparities in taxation. He was speaking at the first meeting of FPCCI’s Standing Committee on LPG.
“LPG imports should continue until local producers can meet the demand in full,” he said, adding that the share of imported LPG would increase in Pakistan under current circumstances.