LPG summit closes with a vow to make LPG cheaper
STAFF REPORTER
Reiterating the need for LPG price adjustment to make it more affordable for the mass people, the two day long fourth Asia LPG Summit 2017 ended yesterday at the International Convention City Bashundhara in Dhaka.
The World LPG Association or WLPGA organised the summit, the first in Dhaka, in association with the power, energy and mineral resources ministry.
Speaking on the closing ceremony as the chief guest lawmaker Tajul Islam, the chairman of the parliamentary standing committee on ministry of power, energy and mineral resources said the government will design a mechanism to set the prices of liquefied petroleum gas in line with the global market.
From the parliamentary standing committee, we will make sure the hastening of that process, he said.
Dubbing LPG as the best alternative of pipe gas for the household and vehicles, Islam said that they will now focus on some core issues including the development of a mechanism to control overpricing in the market, ensuring the safety of cylinders and setting up a regulator.
Speaking on the occasion, David Taylor the director of the World LPG Association termed Bangladesh as an emerging market for LPG. He said with Bangladesh attaining remarkable economic development, the market for LPG will grow exponentially in Bangladesh.
Over 100 petroleum companies from 20 countries are participating in the three-day summit.
