The LPG Industries Association of Pakistan has urged the government to extend a bailout package for the financial year 2020-21 to sustain a healthy energy alternative LPG industry for poor LPG consumers and for all other stakeholders of the LPG Industry due to the coronavirus.
The association recommends ending Levy Tax, Advance Tax, and GST and Income Tax from LPG just for one year to reduce the price of LPG for poor LPG consumers of Pakistan.
A notification should be issued for ending Premium Bonus and Signature Bonus, and gas must be distributed among all LPG marketing companies equally as per formula of the PPL.
Port charges also play vital role in setting up the price of the LPG, and by reducing it by 50 percent it can also impact the LPG consumer price by that in favour of poor LPG consumers of Pakistan.
The LPG sale has been reduced by 60 percent to 70 percent due to lockdown of auto use, public transport and auto rickshaws and due to lockdown of industrial use, in hotels, restaurants, marriage halls and Tandoors. Due to this reduction in sale and margins till May 7, 2020 all Oil and Gas Regulatory Authority (OGRA) approved total 206 LPG marketing companies having more than 250 LPG filling plants, 26 LPG cylinder manufacturers, 27 LPG bowser manufacturers, three LPG cylinder valve manufacturers, 3,000 LPG bowsers (for LPG transportation) having approximately 300,000 employees and their families all together, are unable to receive salaries for the last two months and are looking out for a bailout package in the shape of non-interest based bank relief/loans as well as tax relaxation as mentioned above.
The LPG distributors and sale point holders (shopkeepers) get licensed by the government and a relief package for such distributors must also be given, so that they can also survive during this time of economic slowdown-cum-crisis.
Comments
Comments are closed.