PRESS RELEASE
 

(AFFILIATED WITH FPCCI)
(Ministry of Commerce Licence No.69)
(SECP CUI No.0067829)


PRESS RELEASE


Largest ever LPG consignment arrives

KARACHI, Dec. 18 - For the first time in country's history, a bulk consignment of 5,000 metric tons of imported liquefied petroleum gas (LPG) has arrived and unloaded at Port Qasim to meet the domestic demand during winter.

According to chairman, FPCCI Standing Committee on LPG and All Pakistan LPG Distributors Association Hadi Khan here Saturday, the entire consignment was unloaded at Engro Vopak Terminal Ltd at Port Qasim, in a record time of 12 hours.

Hadi, who imported this LPG, said that before this consignment, only one multinational company had imported 3,600 MT of LPG in bulk quantity in Pakistan.

He said that LPG has been imported from Abu Dhabi through LPG/C. Queen Zenobia and its cost of import is about Rs 106,500 per ton. This LPG will be shipped to ease the on-going acute shortage of LPG in hilly and remote areas, and also in automotive and industrial sectors and LPG shortage areas.
"The domestic production has been slashed to 1200 MT per day by the local producers and there was no option with us except to import a large quantity of LPG to bridge the yawning demand and supply gap in the country and also to end the cartel of local LPG groups", he added.

Hadi pointed out that 56,000 MT of LPG has been imported since January 2010 till today against an import of 70,536 MT in the same period last year.

He said that the rising Saudi Aramco Contract Price (CP) and government's decision not to withdraw sales tax on LPG import have resulted in the decline of its import.

He urged the government to withdraw sales tax on the import of LPG to encourage its import by the private sector in the country so as to control the on-going energy crisis and reduce ever rising LPG prices in the domestic market.

ABDUL HADI KHAN (CHAIRMAN)
0300-8204994

BANGLOW No.2-B,Block 6,PECHS, Karachi.
Phone # +92-021-34521793 Fax# +92-021-34521361

 
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