LPG-Prices
LPG's Aramco price surges to $ 890 per ton
KARACHI, Mar. 31 (APP)- The international price of liquefied
petroleum gas (LPG) has jumped by $ 37 to $ 890 per ton for April 2011
due to crisis in the Middle East, raising its import price by Rs 3,750
to Rs 89,000 per ton in the country.
This was stated by the chairman of FPCCI Standing Committee on
LPG and All Pakistan LPG Distributors Association (APLDA) Abdul Hadi
Khan here Thursday.
He said Saudi Armco Contract Price (CP) has surged to $ 890 per
ton for April 2011 due to disturbed political situation in the Middle
East. The price of propane has jumped by $ 55 to 875 per ton while
butane is up by $ 30 to $ 885 per ton.
Hadi feared that domestic price of LPG will be increased by Rs
3.75 per kilo, 11.8 kilo cylinder by Rs 11.25 and 45.4 kg cylinder by
Rs 170.25 if the local producers also enhanced their price in
accordance with its international price.
He, urged the local producers not to raise domestic prices and
maintain LPG prices at the level of March 2011 in the national
interest and for the cause of country's LPG industry.
The sale of LPG has already decreased by 40 percent due to high
prices and may further decline by 20 percent if local producers
adjusted their prices according to Saudi Aramco CP of April 2011, he
added.
Hadi noted that LPG users have grown to more than 50 million in
the country due to higher prices of petroleum products and it is now
consumed by automobiles, commercial and domestic consumers.
He pointed out that local consumption of LPG has reduced to 1,300
per ton per day, as its demand has drastically declined due to high
prices.
The local producers have also accumulated huge stock of unsold
LPG because of depressed market, he added.
Hadi has appealed to the local producers to announce a reduction,
instead of increasing prices of locally produced LPG.
APP/kas

 


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Press Release

 

GOVT TO PROTECT CONTRACTUAL OBLIGATIONS WITH PETROLEUM (E & P) COMPANIES-NAVEED QAMAR

 

Islamabad, March 31, 2011

 

Addressing a meeting of the members of the Executive Committee of Pakistan Petroleum Exploration & Production Companies Association (PPEPCA) here today Syed Naveed Qamar Federal Minister for Privatisation, Water & Power assured the body that all contractual obligations made with the Petroleum Exploration & Productions companies would be protected in accordance with the law.

 

The meeting discussed the matters pertaining to the implementation of 18th Constitutional Amendment April 2010 regarding Oil & Gas sector in view of the new clause 172 (3) introduced in the Constitution whereby mineral oil and natural gas within any Province or the territorial waters adjacent thereto has been vested jointly and equally with that Province and the Federal Government.

 

The Minister said that the new constitutional arrangements would ensure that the provinces wouldn't be treated as colonies anymore and the people of the respective provinces would benefit from their resources. The Provinces would be partners in all future transactions, however, before finalization of a body and mechanism to replace the existing arrangements for future transactions, a summary for Council of Common Interests (CCI) was being moved in its upcoming meeting next month for placing interim arrangements with transparent timeline, he added.

 

Syed Naveed Qamar being among the authors of 18th Constitutional Amendment April 2010 informed PPEPCA body that the Federal Government couldn't unilaterally take decisions, however, the channel for information flow would remain the same. The new body being envisaged would have one representative from each province, he said.

 

Mr. Imtiaz Kazi, Secretary Petroleum, Dr. Elmar Colins, Chairman PPEPCA (BPP), Mr. Mazhar Farooq, General Secretary PPEPCA, Mr. Anwar Moin of OPL and representatives of ENI, POPH, OMV, GHPL and the Director General Petroleum Concession were present during the meeting.      

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SG AIDS report header.jpg
 
Dear Media Colleagues,  
 
This year will be a key opportunity to re-energize the fight against AIDS.  The General Assembly will hold a High-level Meeting on AIDS
on 8-10 June, where governments will assess implementation at the ten-year mark of the 2001 Declaration of Commitment on AIDS,
In this connection, Today , Thursday, 31 March in Nairobi, the UN Secretary-General and UNAIDS Executive Director Michel Sidibe are officially launching the Secretary-General's report on AIDS, which has been prepared for the High-level Meeting. The report gives a global summary of where we stand in the fight against AIDS, progress towards the agreed targets and challenges that remain.  It also sets out recommendations for the way forward and will provide the basis for negotiations that will start in April.
 
Please find attached the following ;
 
(a) The UN Secretary-General Report
(b) Global Press Release, and 
(c) Regional Press Note (Asia and Pacific)
 
More information about the GA High-level Meeting can be found at the interim website being hosted by UNAIDS: http://www.unaids.org/en/aboutunaids/unitednationsdeclarationsandgoals/2011highlevelmeetingonaids/ .The official website will be launched in six languages in mid-April 2011.

Best regards,
 
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