Tag Archives: LPG

ISLAMABAD: The government has decided to keep fuel prices unchanged effective from December 1, 2021. Oil prices in the global market had witnessed a sharp decline of around $10 per barrel last Friday, following the outbreak of a new variant of Covid-19. The government had hinted at slashing prices of …

ISLAMABAD: State run-oil and gas exploration companies have warned the government that investment in liquefied petroleum gas (LPG) extract plants would come to halt due to anti-local and pro-importers polices, which offer tax concessions to LPG importers. Sources told The Express Tribune that Petroleum Secretary Dr Arshad chaired a meeting …

ISLAMABAD: Despite opposition from local liquefied petroleum gas (LPG) producers, mainly state-run companies, the Petroleum Division is further strengthening the monopoly of influential LPG importers by recommending cost and freight (C&F) prices and removal of advance tax on imports in the new proposed LPG Policy 2021. At present, the local …

ISLAMABAD: Private sector importers pocketed billions of rupees due to misuse of the government’s Liquefied Petroleum Gas (LPG) Policy 2015 – a fact revealed during an emergency meeting that the Petroleum Division held on Sunday to discuss the new LPG policy with relevant stakeholders. Under the 2015 policy, the local …

ISLAMABAD: The Petroleum Division has taken another U-turn in the new draft of the LPG Policy 2021, as it proposed local LPG price of around $80 over the international price. This means that LPG importers will be able to charge $80 above CP price. Saudi Aramco sets its propane term …

ISLAMABAD: The Petroleum Division has called an emergency meeting today (Sunday) to discuss the policy with regard to the liquefied petroleum gas (LPG) with relevant stakeholders. However, the All Pakistan LPG Distribution Organization has expressed its reservations over not inviting its representatives in the meeting and alleged that the federal …

ISLAMABAD: The Cabinet Committee on Energy (CCOE) is set to consider a new LPG policy that has already sparked controversy before approval due to its tilt towards influential LPG importers. Sources said that the cabinet committee will meet on Thursday (today) to consider draft of the new LPG policy along …

ISLAMABAD: Pakistan Petroleum Exploration and Production Companies Association (PPEPCA), a body of local LPG producers, has urged the government to provide level playing field. It has expressed concerns that so far necessary action to alleviate existing disparity of taxation between local and imported LPG has not been initiated either by …

LAHORE: Stakeholders of the liquefied petroleum gas (LPG) sector have requested the Oil and Gas Regulatory Authority (Ogra) to take them on board while finalising the LPG Policy 2021. In a letter written to the Ogra chairman on Friday, Pakistan LPG Marketers Association (PLPGMA) Chairman Farooq Iftikhar said that the …