PM Shehbaz forms body to review proposed LPG policy reforms
• Policy seeks to shift LPG imports and price-setting from Ogra to SOEs • State-owned enterprises to introduce import-parity pricing based on Saudi Aramco rates and actual import costs ISLAMABAD: Amid soaring prices following supply disruptions, Prime Minister Shehbaz Sharif has constituted an eight-member ministerial committee to review a set of policy changes proposed by the Petroleum Division…
Prime Minister Shehbaz Sharif has formed an eight-member ministerial committee to review proposed LPG policy changes aimed at shifting imports and pricing from Ogra to state-owned enterprises (SOEs). The reforms include SOEs importing LPG and setting prices based on Saudi Aramco rates and actual import costs, which would be passed on to the private sector.
The committee, headed by the petroleum minister, has one month to review the proposed reforms, cylinder standards, and local LPG model, and submit a report to the prime minister. Stakeholders protested against the policy finalization without consultation, citing SOEs' limited LPG import experience and concerns about higher prices due to proposed levies on local production.
The committee will also consider retaining monthly LPG pricing, removing Ogra's role, increasing margins for LPG marketing and importing companies, and allocating 10% of locally produced LPG to state-owned marketers to supply remote regions.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
