During a recent webinar organized by G-Gas, speakers discussed the importance of year-on-year (YOY) price adjustments for Liquefied Petroleum Gas (LPG) to ensure the sustainable development of the sector. To maintain affordable LPG prices for consumers, they recommended government subsidies for the power sector and other relevant areas. The speakers emphasized that abrupt 20-30% price hikes could negatively impact customers, highlighting the need for gradual adjustments.
They also pointed out that the LPG sector, vital for the national economy, requires policy support from stakeholders. They proposed extending the payback period for investments in the LPG sector to at least 10 years, aligning it with the sensitivity and significance of the industry.