Federation Pakistan Chamber of Commerce & industries

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enewspaper.com.pk
enewspaper.com.pk

KARACHI (PR): The Chairman of FPCCI Standing Committee on LPG, Malik Khuda Bukhsh has said that all auto fuels-LPG, CNG and POL products-would be made available under one roof and for this purpose 500 ton of LPG would be imported to reduce the shortage of gas up to 800-1000 mmcft. He urged that the government should ensure protection of investment in LPG. He proposed that LPG may also be allowed to sale through 3,172 stations.

This was stated by him after conclusion of the 2nd meeting of the Standing Committee on LPG which inter-alias, was also attended by officials of PSO, SSGC, LPG and FPCCI Vice President, Mr.Dawood Iqbal Pakwala and expressed their views.

Malik Khuda Bukhsh urged the government to open import of LPG products and the sellers of LPG products should also be allowed to import it to encourage free market and strengthen Government’s Auto Fuel policy. He stressed the need to protect the investment of stakeholders and oil marketing Companies and proposed to formulate a 20 year long-term petroleum policy. He suggested to formulate a mechanism for fixing the prices of LPG, CNG and POL products, OGRA should only be allowed to work as a regulatory authority and prices should be fixed on the basis of cost of production so that auto fuels may be made available to the people at cheaper rates. He disclosed that LPG can be made available at 30% lesser prices than POL products and that in future consumption of auto fuels would mainly consist of LPG and CNG.

Malik Khuda Bukhsh said that black marketing by oil marketing Companies and quota system in the country are the main sources of promotion of corruption, therefore, all the stations possessing ISO Isolation standard or any other international quality standard certificate should be given license to establish LPG to do away with the monopoly and corruption.

Speaking on the Occasion, FPCCI Vice President Mr. Dawood Iqbal Pakwala disclosed that in most of the countries, LPG is being used as auto gas and as such inPakistanalso, its consumption as auto fuel should be promoted as it is cheaper than CNG. He proposed that instead of retired bureaucrats, stakeholders should be inducted in the POL regulatory authority so that auto fuel prices can be revised in consultation with the stakeholders.