Chairman LPG Distributors Association Pakistan (LPGDAP), Irfan Khokhar has urged the government to unlink the local liquefied gas price from the international market and formulate a new policy while ensuring the interests of all the stakeholders of the industry.
In a statement issued here on Friday he said that the present LPG policy has flopped, therefore, the government should make a new policy involving the LPG distributors and their representatives. "If the government did not get rid of the ECC approved policy that linked the local price with the international market, we expect 200 percent increase in the price of natural gas in the coming days," Khokhar warned.
Giving an overview of the post-ECC-decision scenario of LPG industry and price situation, Khokhar said that LPG's productive price in the international market had gone up to $745 per metric tonnes from $655 per MT.
He said in last eight years, the LPG productive price had witnessed a record increase of $500 per metric tonnes, reaching $745 per MT in November 2007 from $248 per MT in 1999. He also condemned the marketing companies' recent move to raise the price of LPG by Rs 30 to Rs 35 per domestic cylinder and Rs 140 per commercial cylinder.
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