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…
Islamabad: Prime Minister Shehbaz Sharif has formed an eight-member ministerial committee to evaluate proposed reforms to the LPG policy. The changes, introduced by the Petroleum Division, would enable state-owned enterprises (SOEs) to import and set prices for LPG, replacing the current regulator, Ogra. The new pricing structure would be based on Saudi Aramco's rates, along with actual import costs.
The committee, led by the Petroleum Minister, will have one month to assess the reforms and present a comprehensive report to the Prime Minister. The reforms aim to increase private-sector involvement, address market concerns regarding limited SOE LPG import experience, and potentially reduce LPG prices by 35%.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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