Search
Close this search box.

FPCCI demands equal taxation for imported and locally-produced LPG

Lahore: Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Khawaja Shahzeb Akram on Tuesday called for equal taxation for imported and locally-produced Liquefied Petroleum Gas (LPG) to provide local industry a level playing field.

Talking to the Pakistan LPG Marketers Association (PLPGMA) delegation, Shahzeb said that FPCCI is not against the import of LPG. Still, it is against disparities in taxation, Therefore, LPG imports should continue until local producers can meet the demand in full, he added.

He said the local industry was under tremendous pressure against imported LPG — the latter has lower taxation and no regulatory duty (RD). Therefore, the LPG sector needs immediate intervention and assistance from the government, he added.

He further said that out of the total demand of 650,000-700,000 tonnes of LPG per year, the share of the local industry is 60 percent compared to 40pc imports. The share of imported LPG increases to 40 percent from 30pc during winters on account of rising demand.