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LPG consumers to bear PL of USD 120/ton from 23rd Jan 2012 – Alfalah Securities Limited

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by January 18, 2012 Brokerage

Karachi: The government intends to impose a Petroleum Levy of USD 120/ton on locally produced LPG from January 23, 2012.

According to Alfalah Securities Limited, on the other hand, the LPG marketing companies are not in favour of the government as an imposition of PL would increase LPG prices by PKR 12/kg which would affect their sales volume. The imposition of PL on locally produced LPG would have an inflationary impact on the economy as the incremental cost impact is passed on to the end consumers. Alfalah Securities Limited’s CPI inflation forecast for the year 2012 is 13.5%.

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