PM Shehbaz forms body to review proposed LPG policy reforms
⟶ Prime Minister Shehbaz Sharif has formed a body to review proposed reforms for the Liquefied Petroleum Gas (LPG) policy. The proposed policy aims to shift LPG import and price-setting responsibilities from the Oil and Gas Regulatory Authority (Ogra) to state-owned enterprises (SOEs).
• 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…
Background
The reforms are being considered amid soaring prices following supply disruptions. The proposed policy seeks to introduce import-parity pricing based on Saudi Aramco rates and actual import costs by SOEs.
Why it matters
The move signifies a potential change in how LPG is managed and priced in the country. Shifting control to SOEs could impact market dynamics and consumer prices.
Possible impact
The source states that prices have been soaring due to supply disruptions, but does not explicitly mention any impacts of the proposed reforms.