Determining local LPG Prices
The wholesale price for Liquefied Petroleum Gas (LPG)—which has climbed by more than 75% between May 2020 and August 2021—is determined by the interplay of international market forces and the legislated formula, a representative from the country’s sole LPG importer informed The Reporter in recent exclusive interview. National Gas Company Limited (NGC)’s Spokesperson Daniel Gutierrez underscored that there exists a legislated pricing methodology established under the National