ISLAMABAD: Liquefied Petroleum Gas Distributors Association (LPG DA) warned government it would go on strike from July 18 if no action was taken against black marketing practices in the sector damaging the interests of common consumers.
Chairman LPG Distributors Association Irfan Khokhar said the Association in a meeting categorically decided to raise voice against three consecutive hikes of the LPG prices in three days, which it claimed was unjustified.
He demanded Oil and Gas Regulatory Authority (OGRA) should take stern action against profiteer marketing companies, earning Rs 70 million daily through illegal practices.
He said the Association would stage a sit-in outside the OGRA office on July 22 as a part of its protest, if the situation remained the same.
He demanded abolishment of 17 percent general sales tax on imported LPG besides binding the local LPG quota holders to import 50 percent of LPG out of their full quota and sell the both at uniform price.
The rate lists should be pasted at a visible place at LPG plant gate as per the OGRA rules and licenses of violator companies should be cancelled.
Irfan regretted no measures were taken to import LPG to overcome current shortage, the total shortfall could go up to 30,000 ton per month from August onward with its price surging to all time high.
He claimed if the Ministry of Petroleum and Natural Resources considered recommendations and proposals of the Association, the consumers would have one kilogramme of LPG at Rs 100.
As a result, he claimed the commodity would be 60 percent cheaper than petrol and diesel and 10 percent than CNG.
LONDON: Gold fell on Friday, on track for a third successive weekly loss as strength in global ...