usage in a growing tourism industry also contributed to the shortage of the product on the market.
The meeting was also attended by domestic LPG
producers, marketing companies, importers and distributors.
He said that presently all LPG
coming through sea is of Iranian origin and only documents with changed origin are made at Dubai to facilitate import to Pakistan by Sea, whereas LPG
coming through land is shown as of Iranian origin to avail special duty and sales tax structure.
He said locally produced LPG
Marketing Companies around Rs.
Iftikhar said that importers manipulated weight besides importing low quality and adulterated LPG
which was not only affecting sale of local good quality LPG
but also creating severe environmental and health issues among the low income citizens of the country.
Following the Ministry of Energy advice Oil and Gas Regulatory Authority invited Expression of Interest (EoI) from reputed firms of chartered accountants to ascertain the actual LPG
production cost of producers, LPG
marketing, distribution and transportation costs of LPG
marketing companies and their distributors keeping in view relevant factors and in order to rationalize the LPG
prices as per LPG
production in 2007 accounted for 95 per cent of Pakistan's total LPG
Mr Magsi said the government had fixed the LPG
price at Rs1,360 per 11kg but the local dealers were charging Rs1,650 to Rs1,700 per 11kg LPG
The Ministry of Petroleum and Natural Gas attributed the hike to their decision of increasing the commission for LPG
9 October 2018 - US-based maritime gas transportation services company BW LPG
(OTC: BWLLF) has withdrawn its proposal to combine with US-based liquefied petroleum gas shipping company Dorian LPG
), the company said.
While addressing an urgent meeting, LPG
Association of Pakistan Chairman Farooq Iftikhar said that local LPG
industry is already struggling because of massive import of LPG
, smuggling at vast scale and unbalanced policies while recent increase in LPG
prices will further aggravate the situation.