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LPG prices to go up-NPA hints

Written by  Nov 09, 2017
  Chief Executive Officer of the National Petroleum Authority (NPA),Hassan Tampuli,  has given indications of an increment in prices of LPG products as government prepares to implement the Cylinder Re-circulation policy.   He made the revelation  when he appeared before the Mines and Energy Committee of Parliament, said the new policy will bring about additional cost in the production and supply of the product.   Detailing the process he said: “Currently the policy directive is that, we should have at most six stations. If we have any explosion it should be at those places and not anybody, so the fear and apprehension that people will be suffering will be abated to a very large extent. That is what the cylinder re -circulation module is going to achieve. It is going to lead to a little increase in the price, but it is just marginal which is going to take care of the margins for the LPG bottling plant because that is the new addition to the supply chain, and we do this for our safety and we believe that all in all, the policy of LPG cylinder re-circulation should succeed.”
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