Lo­cal pro­duc­ers urged not to raise LPG prices

The Pak Banker - - 2national -

KARACHI Chair­man FPCCI Stand­ing Com­mit­tee on LPG and All Pak­istan LPG Dis­trib­u­tors As­so­ci­a­tion Ab­dul Hadi Khan has urged the lo­cal pro­duc­ers of liqui­fied petroleum gas (LPG) not to raise its prices in ac­cor­dance with the in­ter­na­tional mar­ket.

In a state­ment here Thurs­day, he said that Saudi Aramco De­cem­ber 2010 Con­tact Price (CP) of LPG has jumped by $ 142 to a record $ 933 per ton, but any in­crease in its lo­cal price at this point of time would crush the poor users of LPG in re­mote ar­eas of Pak­istan.

He pointed out that lo­cal pro­duc­ers have so far not in­creased LPG prices in the coun­try and urged them to freeze LPG price at cur­rent level of Rs 79,424 per ton.

Hadi said that LPG de­mand has also climbed to 2,400 met­ric ton per day in the coun­try due to drop in the tem­per­a­ture in north­ern ar­eas and short­age of piped gas sup­ply.

He al­leged that lo­cal pro­duc­ers have not en­hanced their pro­duc­tion and pro­duc­ing only 1300 tons per day, pur­posely cre­at­ing a gap in de­mand and sup­ply of more than 1000 tons per day.

Hadi said that lo­cal im­porters have also slowed down LPG im­port due to its very high in­ter­na­tional prices. They have im­ported only 51,025 tons of LPG be­tween Jan­uary and Novem­ber 2010, he added.

Com­par­a­tively, they had im­ported 70,536 tons in the cor­re­spond­ing pe­riod last year.

Hadi pointed out that a ship car­ry­ing 5000 tons of liqui­fied petroleum gas will ar­rive at Port Qasim end of this month. -App

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