Govt Working to Ensure LPG Availability at Reasonable Prices
A committee overseeing a transparent LPG auction held its first meeting in Islamabad, where Petroleum Minister Ali Pervaiz Malik outlined the plan.
Petroleum Minister Ali Pervaiz Malik says the govt aims to ensure LPG at reasonable prices through a transparent public auction.
Petroleum Minister Ali Pervaiz Malik has said the government is working to ensure LPG is available to consumers at reasonable prices. He was speaking at the first meeting of a committee overseeing a transparent LPG auction in Islamabad. The committee is chaired by the Secretary of Petroleum.
Aim of the Auction System
The government regards public concerns about LPG supply and pricing as a priority. The new auction system is meant to support fair distribution, a stable supply chain and energy security, and to improve LPG availability for consumers at reasonable prices.
Auction Plan
Remote areas: Local LPG producers will give 10% of their output to government-owned marketing companies to supply remote areas.
Public auction: The remaining 90% of locally produced LPG will be sold through a public auction held in the presence of the media.
Purchase limit: Each company may buy up to 20 metric tons of LPG per day through the auction.
Equal opportunity: All eligible companies will have an equal opportunity to take part.
Related stories
Oil & GasLPG Dealers Announce Nationwide Strike from November 16: What Consumers Should Know
Oil & GasDiesel Rs393.66, Petrol Unchanged at Rs377.71 for Oct 24-26
Oil & GasGovt Prioritises Transparent, Competitive LPG Allocation
Oil & GasPetrol Cut by Rs3.63 to Rs390.23 Per Litre
Oil & GasPakistan Explores Libyan Crude to Diversify Energy Supplies
Oil & Gas