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‘Govt to fix LPG price at tolerable level for customers’

April 29, 2018 00:00:00

FE Report

Initiatives are underway to fix the price of liquefied petroleum gas (LPG) at tolerable level for the customers', Power and Energy State Minister said Saturday.

"Moves are underway to fix the price of LP gas for the end-level customers with the support of all stakeholders including manufacturing companies and LPG association," State Minister for the Ministry of Power, Energy and Mineral Resources (MPEMR) Nasrul Hamid said.

He also said the association of LPG distributors should protect customers' interest in tandem with their business interest.

The state minister was speaking at the launching ceremony of Petromax LPG, held at the city's Bangabandhu International Conference Centre (BICC), as the chief guest.

"You (LPG traders) should pay more attention to customers' interest by providing secure cylinder with stated quantity of gas, as you protect your business interest," Mr Hamid said.

He said five LPG manufacturers are currently operating with final licenses granted by the government, while 55 companies have been awarded pre-qualification licenses.

"But 11 companies are operating in the country without receiving final licenses from the government," he said.

Mr Hamid requested all the LPG companies to continue their operations in compliance with all rules and regulations.

He also said the apartments and other households can use LPG through community-based pipeline.

Petromax LPG, a subsidiary of Youth Group, is set to start operations to meet the growing demand of the bottled energy sources in the country.

Upon receiving the pre-qualification license, the company has already installed required facilities including a Liquefied petroleum gas (LPG) plant in Mongla and a cylinder manufacturing plant in Tangail.

Members of Parliament (MP) Mahfuzur Rahman Mita and Dr. Mohammad Habibe Millat attended the programme as special guests. Chairman of Youth Group Rezakul Haider and Managing Director (MD) of Petromax LPG Feroz Alam also attended the ceremony among others.

In his speech, Rezakul Haider said the depleting stock of natural gas in the country is the main challenge for energy sector.

"LP gas is the best solution for household, public transport and industries to ensure the maximum use of the energy sources," he said.

The company has already installed a plant in Mongla port area with capacity to stock nearly 5500 tonnes of LPG. The plant is capable of bottling 9 million cylinders with LPG per year.

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It is installing a satellite plant in Naryanganj with the capacity of storing 1020 tonne LPG.

The company will distribute 12 kg and 35 kg cylinders in the market, after it will receive final license.


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