Jamshoro Joint Venture imports 2,500MT of LPG

Karachi: Jamshoro Joint Venture Limited (JJVL) has imported 2,500 metric tons of Liquefied Petroleum Gas (LPG) at the Engro Vopak Terminal in Karachi in advance of the Islamic month of Ramazan.

According to Alfalah Securities Limited, the import of LPG would enable to maintain the retail prices of LPG at affordable levels across the country. According to the data, LPG imports from July-Dec 2010 stood at 50,836 metric tons whereas, the imports totalled from Jan-Jun 2011 stood at 9,307 metric tons. This indicates that the demand of LPG is lower in summers whereas, the demand rises in winter. However, the demand of LPG starts jacking up from Ramazan and JJVL being one of premier LPG producers would import additional cargoes in Ramazan as well.

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