LPG market regulation to resolve price hike problem - News Summed Up

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LPG market regulation to resolve price hike problem


ISLAMABAD: The liquefied petroleum gas (LPG) policy could not be streamlined over the past few decades. There is a limit, however, to which LPG prices could be increased as all producers are in the public sector. As demand is normally higher, especially in winters, LPG prices skyrocket in this season, particularly in the northern areas. It is being alleged that LPG curbs are meant to profit this group of 20% companies. The other solution is to regulate (control) the LPG retail price, but allow and organise LPG auction in the existing commodity exchanges.


Source: The Express Tribune December 11, 2017 04:30 UTC



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