Federal Minister for Petroleum and Natural Resources Sh-ahid Khaqan Abbasi said on Tuesday that the Council of Common Interest (CCI) has approved regularisation of LPG business. The minister was speaking at the second international conference organised by Liquefied Petroleum Gas Distributors Association of Pakistan (LPGDAP) in collaboration with the South Asian Media Management Organisation.
Abbasi said despite de-regularisation of LPG business, the prices remained stable and record import of LPG was witnessed but after its regularization this business will grow further. He stressed on maintaining a balance between locally-produced and imported Liquefied Petroleum Gas (LPG) to boost the LPG industry. "Profit margin should be beneficial for all," he said.
This government has not awarded LPG quota to anyone but all previous governments dished out this quota to their favourite people. He said the government is planning to establish LPG mix plants in all the district headquarters of Balochistan, Khyber Pakhtunkhwa and Azad Kashmir. Due to policies of the present government, gas is available to industry in winter as well besides CNG and power sectors.
He said the gas supply in the country had improved and its record import of LPG was witnessed but after its regularization this business will grow further. He stressed on maintaining a balance between locally-produced and imported Liquefied Petroleum Gas (LPG) to boost the LPG industry. "Profit margin should be beneficial for all," he said.
This government has not awarded LPG quota to anyone but all previous governments dished out this quota to their favourite people. He said the government is planning to establish LPG mix plants in all the district headquarters of Balochistan, Khyber Pakhtunkhwa and Azad Kashmir. Due to policies of the present government, gas is available to industry in winter as well besides CNG and power sectors.
He said the gas supply in the country had improved and its load shedding was gradually reducing. He said the country used to import 1 million ton fertilizer but it was being exported now due to gas supply to fertilizer plants. He claimed the present government will add 10,000 MW of electricity to the national grid before the end of this year. The Pakistani consumers were getting petrol at lowest rates compared to other countries, he said. Chairman LPG Dealers Association Irfan Khokhar said that LPG industry was going well but intervention of Ogra in its prices had caused a serious blow to the industry. He claimed that the LPG industry had suffered a loss of 30 million so far.