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LPG scam surfaces during emergency moot
Importers of liquefied petroleum gas minted around Rs20b due to misuse of incentive
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:
Private sector importers pocketed billions of rupees due to misuse of the government’s Liquefied Petroleum Gas (LPG) Policy 2015 – a fact revealed during an emergency meeting that the Petroleum Division held on Sunday to discuss the new LPG policy with relevant stakeholders.
Under the 2015 policy, the local LPG producers paid 17% general sales tax (GST) whereas the importers paid only 10% GST due to an incentive announced for them by state-run Pakistan State Oil (PSO) and the Sui Southern Gas Company (SSGC).
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