Irfan Urges OGRA To Take Notice Of Increase In LPG Price

Irfan urges OGRA to take notice of increase in LPG price

ISLAMABAD, (UrduPoint / Pakistan Point News -6th Sept,2016) : Chairman Liquefied Petroleum Gas Distributors Association Pakistan (LPGDAP) Irfan Khokhar Tuesday urged the Oil and Gas Regulatory Authority (OGRA) to take notice of Rs 15 per kilogram increase in LPG price by the marketing companies without the authority's notification.

Describing the increase 'unjustified,' he said, the LPG marketing companies had started selling locally produced commodity as per international rates, indulging in profiteering. Last week, the chairman said, the international market witnessed $20 per metric ton increase, bringing the LPG price to $308 from $288 per metric ton.

"But, the marketing companies have increased the price by Rs 5 per kg today for local LPG. Its third time raise in just a period of five days. OGRA must take action against the LPG 'Mafia' otherwise the association will start countrywide protests," he warned while talking to APP.

Following the increase, Khokhar said, consumers were paying Rs 150 and Rs 600 extra per domestic and commercial cylinder respectively.

He said the government did not increase the price of locally produced LPG during the year 2016, terming the recent surge a 'conspiracy' against the elected government.

In last three years, he said overall supply and availability of LPG remained smooth across the country due to effective policies of the Pakistan Muslim League-Nawaz government. He feared that the LPG price would mount to Rs 250 per kilogram in the winter season, if a prompt action was not taken against the companies involved in profiteering.

"LPG demand will increase in the coming winter season and we are afraid of the LPG shortfall which can lead to worst crisis in the country's history." Approximately, he said, there would be the need of 300,000 metric tons of the gas to meet demand of the commodity in during the winter season from September to February.

During the winter season, the chairman said, demand of LPG increased and supply shrinked rapidly, adding "We need approximately 50,000 to 60,000 metric tons of gas per month to maintain the supply chain."