Shahbaz Shareef’s government has given good news for poor LPG consumers. LPG price slashed by Rs 13 per kg. Dealers suggest a formula for more reduction In wake of disturbing news regarding higher petroleum prices, Shahbaz Sharif’s government have given good news to poor LPG consumers, and the state-owned Oil and Gas Regulatory Authority (Ogra)…
Ibn-e-Ameer The LPG import increased during the Financial year 2020-21 due to declining production of indigenous LPG in Pakistan, mainly due to shut down of JJVL Plant. The LPG production in Pakistan has declined due to flaws in LPG policies. The LPG importers continue pocketing billions due to incentives the government had granted to them….
Oil and Gas Regulatory Authority (Ogra) has increased the price of LPG by Rs. 19 per kg. It has issued a notification for an increase in LPG price for the month of July 2021. After increasing the price of LPG to Rs 19 per kg, there has been an increase of Rs 244 per domestic…
Aftab Ahmed Islamabad: The SAPM Petroleum Tabish Gauhar has suggested linking the auction of LPG with a ceiling of LPG price in Pakistan. The government considers a proposal to auction LPG to attract better prices in a new Policy. He supported the proposal regarding the auction and called for linking it with the ceiling price…
Aftab Ahmed Islamabad: The Cabinet Committee on Energy (CCoE) on Thursday questioned and rejected a new LPG Policy 2021 that favoured powerful LPG importers. According to Newztodays.com, the Petroleum Division has tabled a report before the cabinet panel on energy, asking approval of the new proposed LPG Policy 2021. However, the cabinet body rejected a…
Aftab Ahmed Islamabad: The cabinet committee on energy (CCoE) is likely to approve the new LPG Policy on Thursday that may result in another scam like oil that proposes to favour influential importers. The proposed policy offers incentives to those key importers who import LPG through the sea route. However, it proposes duties and taxes…
The Oil and Gas Regulatory Authority (OGRA) has announced to bring LPG bowsers into the regulatory regime by issuing licenses to transport products. In a statement, the Oil and Gas Regulatory Authority (OGRA) on Friday announced to move forward to bring LPG Bowsers for transportation of LPG into the regulatory regime and issued an adequate…
Aftab Ahmed The LPG production from Jamshoro Joint Venture Limited (JJVL) has hit a snag pushing the country towards more imports and a loss to Sui Southern Gas Company Limited (SSGCL). The extension of the contract between Jamshoro Joint Venture Limited (JJVL) and Sui Southern Gas Company (SSGC) has been pending legal opinion before Law…
A committee headed by Deputy Chairman Planning Commission recommends registering LPG distributors for sustainable LPG pricing. Atif Abbas Liquefied Petroleum Gas (LPG) is fuel for the common man in Pakistan. But it is not a sustainable sector due to volatile prices. The different governments have formed policies during their tenures to make it sustainable. Earlier,…
Aftab Ahmed Islamabad: The cabinet has ratified the economic coordination committee (ECC) decision to resume the operation of Jamshoro Joint Venture Limited (JJVL). It will kick off liquefied petroleum gas (LPG) production to increase domestic supply and reduce imports. LPG imports had increased following the discontinuation of an LPG agreement between JJVL and Sui Southern…