The federal government has approved the equal distribution formula of LPG allocation in a bid to provide relief in commercial and domestic LPG cylinder prices.
Under the new arrangements, all LPG marketing companies will receive equal volume of LPG gas from public and private sector LPG producing companies at approved base price of the Oil and Gas Regulatory Authority (OGRA).
Pakistan Petroleum Limited (PPL) has been observing the new guidelines given by the federal government; however, the Oil and Gas Development Company (OGDCL) has yet to implement the new guideline.
Chairman LPG Industries Association of Pakistan, Irfan Khokhar, while addressing a press conference on Wednesday, maintained that Special Assistance to Prime Minister Nadeem Babar and Federal Minister of Energy Omer Ayub in a meeting gave assurance of equal distribution of LPG volume to all LPG marketing companies to provide level playing field to all businesspersons associated this particular industry.
He said that association will ensure availability of LPG to consumer at OGRA approved base price on monthly basis. Irfan Khokhar was of the view that with elimination of LPG industry cartel, more than 200 LPG gas marketing companies will be able to provide cheaper and affordable fuel to consumer, particularly in the freezing winter.
The initiative going to be taken by the federal government will help control the gas prices, particularly for the consumers of mountainous ranges who use this gas as fuel.
The government has assured LPG Industries Association of Pakistan to end signature bonus in award of LPG supply to provide level playing field to the all industry. Finally, the cartel of LPG industry bucketing unjustified revenues going to end as the federal government approved the equal distribution of LPG allocation which will ultimately provide relief in LPG gas price to public, he explained.
He said that Pakistan Tehreek-e-Insaf finally decided to ensure equal distribution formula to provide level playing field to all LPG marketing companies.
Following the financial and business model of PPL, he said the federal government seems heartened to provide level playing field to LPG businesspersons.
Irfan Khokhar along with Vice Chairman of LPG Industries Association Pakistan Shawanaz Saeed and Vice President FPCCI Qaisar Khan held the press conference at FPCCI.
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