LPG producers meets 58% of demand

The country produced 52,500 tonnes of liquefied petroleum gas (LPG) in May, meeting 58 per cent of the domestic demand while the remainder or 37,500 tonnes was imported from overseas, said the Ministry of Industry and Trade.

In May, the world prices of LPG remained high due to unstable politics in North Africa, increasing imports from Japan and the world high prices of gasoline.

Experts predicted that if there was no big fluctuation in the world’s gasoline prices, the world’s prices of LPG would come standstill this month, resulting in stable LPG prices in the domestic market. — VNS

Tags: liquefied petroleum gas

Posted by VBN on Jun 6 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry