KARACHI: Preparations for levying import tax on LPG in the fiscal year 2024 fiscal year, stakeholders wrote a letter to the Prime Minister of Pakistan requesting a review of the decision and threatened a strike before Eid.
Chairman All Pakistan LPG Distributors Association Irfan Khokhar says that preparations are being made to impose LPG import tax, the decision to increase LPG import duty in the fiscal year 2024 financial budget is injustice to the people.
Stakeholders wrote a letter to Prime Minister Shehbaz Sharif and requested a review of the decision, if the tax is imposed, the price of the cylinder will increase to Rs 164.
Chairman LPG Distributors Association says that a strike can be done before Eid-ul-Adha against the decision. Increasing the tax to 18% will cause a loss to both importers and buyers.
300 LPG marketing companies depend on imported LPG, 60 to 70% of LPG is imported to meet domestic consumption, to prevent the financial killing of poor LPG consumers, who are already worse off socially.
There is the worst natural energy crisis in the country. LPG is an alternative gas which is being made expensive while we are spending billions of rupees on planting trees across the country.
We request the government to keep the GST on imported LPG at a minimum level. Increasing it to 18% in the coming fiscal of 2024-2025 would be detrimental.
Express serious concern over the increase in GST on imported LPG from 8% to 18% in the upcoming fiscal budget. One should consider the dire impact such a policy would have on millions of poor LPG consumers who are already suffering from the harshest socio-economic conditions.
The lack of natural gas resources in Pakistan has created another energy crisis, forcing the nation to rely heavily on LPG imports. Around 60% to 70% of the total supply of LPG is required to meet the demand and supply gap. In this challenging situation, the increase in GST on imported LPG will disproportionately affect the poorest sections of our society.
