Pakistan’s LPG industry has issued a three-day ultimatum to the government, warning of a nationwide strike next week if concerns over pricing, security, and regulatory policies remain unresolved.

LPG prices down

At a conference in Lahore attended by over 1,000 industry stakeholders, participants accused regulators of contributing to the LPG supply and pricing crisis. Industry representatives called for revised pricing mechanisms, improved security for transporters, action against substandard cylinders, and an end to what they described as unnecessary regulatory hurdles. Stakeholders also raised concerns over rising security risks in Balochistan and approved a joint Charter of Demands, warning that failure to address their issues could disrupt LPG supplies across the country.

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Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels

OIl-Price

HOUSTON: Oil prices settled up more than 9% on Monday at a one-month high after news that a United States’ naval blockade due to begin on Tuesday will cover Iran’s entire coastline, ports and oil terminals, as well as all vessels regardless of flag, reigniting concerns over energy shipments through the Strait of Hormuz.Brent crude futures settled up $7.29, or 9.59%, to $83.30, while US West Texas Intermediate crude settled up $6.73, or 9.42%, to $78.14 a barrel. Brent futures posted their biggest single-day dollar gain since April 2, and…

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