Reporter Name 
To ease the ongoing supply shortage, the Ministry of Power, Energy and Mineral Resources on Thursday sent a letter to the National Board of Revenue (NBR) requesting to reduce value-added tax (VAT) on imported liquefied petroleum gas (LPG) to below10 per cent.
In the letter, the ministry also suggested exempting locally produced LPG from the current 7.5 per cent VAT, as well as removing VAT at the trader level and advance income tax.
In the letter, the ministry also suggested exempting locally produced LPG from the current 7.5 per cent VAT, as well as removing VAT at the trader level and advance income tax.
Around 98 per cent of the country’s LPG demand is met through imports by private firms, with the fuel widely used in households and industrial operations.
Supply naturally tightens during winter, both globally and domestically, leading to price hikes, the letter said.
Supply naturally tightens during winter, both globally and domestically, leading to price hikes, the letter said.
A meeting between BERC and the LPG traders’ cooperative association is scheduled to take place on Thursday afternoon. A new decision regarding the sale of LPG is expected to be announced following the meeting.
