World News | Pakistan Energy Crisis Deepens as LPG Pricing Dispute Sparks Supply Shortage Warning
Get latest articles and stories on World at LatestLY. Pakistan faces a nationwide LPG shortage as importers warn that OGRA's official pricing formula makes imports financially unsustainable due to rising global costs. The LPG Importers Association has urged government intervention, warning that halted operations and supply disruptions could severely impact households and industries relying on the fuel.
Islamabad [Pakistan], July 14 (ANI): Pakistan could face a nationwide shortage of liquefied petroleum gas (LPG) as importers warned that the existing pricing mechanism has made imports financially unsustainable, raising concerns over another potential energy crisis.
The LPG Importers Association of Pakistan (LPGIAP) has urged the federal government to take immediate action to prevent disruptions in fuel supplies, as reported by Dawn.
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According to Dawn, LPGIAP Chairman Sheikh Mukarram Waheed wrote to Petroleum Minister Ali Pervaiz Malik, cautioning that the country's LPG distribution network could be severely affected if the issue remains unresolved.
He stated that immediate government intervention is necessary and called for an emergency meeting involving all relevant stakeholders to address growing concerns over LPG pricing.
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The association argued that the LPG prices notified by the Oil and Gas Regulatory Authority (OGRA) at the end of June fail to reflect the actual cost of importing the fuel.
Importers are struggling because rising international LPG prices, increased freight charges, currency exchange fluctuations, port handling expenses, inland transportation costs, financing charges and other operational expenditures have significantly increased the landed cost of imported LPG.
The association warned that the official selling price remains below the actual import cost, forcing companies to incur substantial financial losses on every shipment.
As a result, several importers and storage facility operators have reportedly scaled back or halted their operations, citing unsustainable business conditions.
LPGIAP further cautioned that if the pricing formula is not revised urgently, additional import terminals and storage facilities may suspend operations, increasing the risk of widespread supply disruptions across Pakistan, as highlighted by Dawn.
LPGIAP said such a scenario could have serious consequences for households, commercial establishments and industries that rely heavily on LPG as a primary source of energy.
The association has appealed to the government to treat the matter as an urgent national issue and develop a transparent and realistic pricing framework that accurately reflects import costs, as reported by Dawn. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)