Key Takeaways
- Petroleum Division has submitted measures to improve LPG supply in Pakistan.
- Proposed measures include disposal of locally produced LPG through a competitive process.
- Government aims to ensure fair competition and transparency in LPG distribution.
The Petroleum Division has submitted a set of measures to improve the LPG supply position in the market, focusing on the disposal of locally produced LPG through a transparent and competitive process.
This initiative is part of the broader LPG Policy 2016, which aims to ensure the availability of the product in far-flung and hilly areas, a key concern for the government.
According to the Petroleum Minister Ali Pervaiz Malik, the measures are intended to promote fair competition, enhance transparency, and ensure that upstream enterprises receive a fair return on their resources.
The government is currently pursuing these measures through the courts, reserving the right to exercise all available legal options in accordance with the law.
Public welfare remains the Prime Minister Shehbaz Sharif Government’s foremost priority, with the objective of improving the availability and distribution of LPG while ensuring access for consumers in remote areas.
Malik also mentioned that a summary had been submitted to the federal cabinet to facilitate the import of LPG from international markets, aiming to protect consumers from shortages during emergencies.
Comprehensive arrangements are being made to meet the country’s gas requirements during the winter months of December, January, and February, with the government briefing the federal cabinet on gas demand, availability, and potential challenges.
Regarding LPG prices, Malik stated that the rates are determined by the Oil and Gas Regulatory Authority (OGRA), with Saudi Aramco’s monthly Contract Price (CP) serving as a key component of the pricing mechanism.
The government is taking steps to ensure adequate LPG supplies during winter when demand typically rises, emphasizing the importance of maintaining market efficiency and a fair business environment.
Public welfare remains Prime Minister Shehbaz Sharif Government’s foremost priority.
Petroleum Minister Ali Pervaiz Malik, Petroleum Minister
