Puzzle of higher LPG prices despite scrapping of taxes

gas

Players in the sector say that, unlike other petroleum products, prices of LPG are determined by market forces.

Photo credit: File | Nation Media Group

Consumers are yet to enjoy lower cooking gas prices, more than a year after the government scrapped three taxes on liquified petroleum gas (LPG).

The government in July 2023 removed the 8.0 percent VAT, 2.0 percent railway development levy, and 3.5 percent import declaration fees on cooking gas to encourage its consumption.

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