By Sue-Ann Wayow
THERE is no authorised increase for the price of Liquid Petroleum Gas (LPG) by the Government.
The Ministry of Energy in a press release on Thursday reminded the public that LPG was very heavily subsidised by the taxpayers as part of Government policy which continues.
Young confirms that he has not authorised any increase in price of LPG.
The minister stated, “I have communicated with the Chairman of National Petroleum and confirmed with him that there is no authorisation to adjust the price of LPG. Chairman Sahid Hosein has confirmed that NP has taken the necessary internal action to communicate the Government’s position and indicated that the communication which appears to have been sent by an employee of NP to a particular gas station dealer was not authorised. Steps have been taken to address this matter.”
The ministry added that there was an issue related to transportation and handling cost to get LPG cylinders to various dealers and was a matter requiring discussion. However, the Government position remains that the price of LPG is not to be increased.
Young has also requested a report on the LPG market and pricing from the Permanent Secretaries of the Ministry of Energy and Energy Industries in order to see what further measures may be necessary to maintain the Government’s policy position.
