Local producers urged not to raise LPG prices
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