LAHORE: LPG Association of Pakistan (LPGAP) has urged the government to take cognizance of the import of low quality, spurious and adulterated LPG to avoid any untoward incident.
Association's Chairman Farooq Iftikhar in a statement said that some unscrupulous importers were selling low quality and cheaper LPG and playing with the lives of the people beside wasting foreign exchange and loss of tax revenue for the government.
Why is this happening? Today a lot of low quality LPG is in the market because of massive fall in International price of petroleum products and the government's reluctance to match prices of the local product accordingly.
Today, he said, the imported product, when imported through sea routes, costs around Rs 67000/- per MT whereas the price of local product varies from 72000/- to 77000/- per MT. 16000 MT of imported LPG came into Pakistan in February and around 6000 MT more is expected within a week.
He said, local producer's which mainly constitute government controlled enterprises must respond to this changing scenario on priority as lifting of LPG is adversely affected. The internationally declining trend according to any forecast is there for the next 2-3 years and the government must reduce the prices immediately as the storage capacity in the country is limited to cut its losses.
He said, the LPGAP which represents LPG marketing companies request the Ministry of Petroleum and OGRA to take immediate notice of the situation and also take remedial measures.
"It is a matter of grave concern for both local LPG Industry and the consumers," he added.
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