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PLMA rejects LPG levy, GST hikes

By Our Correspondent
June 14, 2024
Labourers unload gas cylinders from a truck at a market on the outskirts of Islamabad. — AFP/File
Labourers unload gas cylinders from a truck at a market on the outskirts of Islamabad. — AFP/File

ISLAMABAD: The Pakistan LPG Market Association (PLMA) has vehemently rejected the significant increase in the Petroleum Development Levy (PDL) and the new 18 percent GST on imported LPG, calling for an immediate review of policy changes.

PLMA Vice Chairman Muhammad Ali Haider stated that these measures pose a threat to the industry and consumers.The recent tax memorandum for 2024-2025 outlined a sharp rise in the PDL on locally produced Liquefied Petroleum Gas (LPG) from Rs 4,669 PMT to a new minimum of Rs30,000 PMT. The government has imposed an 18 percent GST on imported LPG, which constitutes 65 percent of the market supply. Such increases are set to push LPG prices to around Rs30/kg, affecting millions of households and industrial users.