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Thursday, July 30, 2015

LPGA demands transparency in reallocation of LPG quota

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July 30:

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The LPG Association of Pakistan has urged Federal Petroleum Minister Shahid Khaqan Abbasi to look into and ensure complete transparency in the re-allocation of LPG quota’s by Pak-Arab Refinery Company (PARCO) saying that all allocations should be made through open tender systems.

In a statement issued here, LPG Association of Pakistan Chairman Farooq Iftikhar said that all marketing companies approved by OGRA should be given equal opportunities to participate in the PARCO bids for LPG.

He said that at present the PARCO was producing 450 to 500 MT of LPG per day which was allocated to 16 marketing companies only. He said that allocation agreements had since expired but instead of calling open tenders, the PARCO management was trying to strike a deal quietly in the next couple of days.

Farooq Iftikhar said that there were 94 marketing companies working across the country but the PARCO was re-allocating LPG to only 16 marketing companies through negotiations.

He said that all marketing companies should be provided a level playing field through open tender system as due to the present policy of PARCO’s management, majority of the marketing companies are left with no choice but to sell imported LPG.

The chairman said the ministry of petroleum should look into the matters of PARCO and make its management to call open tenders for LPG as was done in the case of LPG allocations of GHBL, OGDC and other producers.

Farooq Iftikhar also urged the government to down the present high selling price of locally produce LPG and assist the government efforts in economic uplift of the country by providing cheap fuel to the masses.


Source: http://www.pakistantoday.com.pk/2015/07/30/business/lpga-demands-transparency-in-reallocation-of-lpg-quota/

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