Korangi Association of Trade and Industry (KATI) President Saleem-uz-Zaman has termed the increase in the price of Liquefied Petroleum Gas (LPG) as unacceptable. 0He said that industries could not afford the frequent increase in the price of LPG. A further increase will also increase the cost of production.
President KATI said that the government is increasing the prices for industrial units frequently.
It is feared that the prices of medicines and the cost of production of export products will also increase. In such a case, the problems of the afflicted people will be further aggravated and the increase in production cost will make it difficult to complete the export order.
Saleem-uz-Zaman said that natural gas was already becoming extinct in the country. At the affirmation of the government, the industrialists shifted to expensive alternative sources including LPG and RLNG but the government failed to maintain their prices. It is the responsibility of the government to provide uninterrupted and low-cost gas to the industries which are also their legal and constitutional right. He said that to promote industrialization in the country, prices should be fixed once and for all so that it would be possible to supply LPG to industries at the same price. In this way, the frequent increase in prices will stop the industrial wheel.
President KATI once again appealed to Prime Minister Imran Khan and Minister for Petroleum and Energy Hamad Azhar to take immediate notice of the seriousness of the matter.
Saleem-uz-Zaman added that the prices of petroleum products are also skyrocketing. A few days earlier, the government increased the price of petrol and LPG, which caused a wave of concern in the industry, and then the sudden increase has added to the problem.
Government should find a permanent solution to the LPG problem.