LPG Industry Opposes Government Intervention, Fearing Anti-Competitive Practices

LPG-Air-Mix-Plant

LPG producers and marketing companies in Pakistan have raised concerns over the government’s proposed intervention in LPG allocation, as outlined in the new LPG Policy 2024. The industry fears that this intervention could lead to anti-competitive practices and undermine the spirit of deregulation. Under the proposed policy, the Petroleum Division suggests allocating up to 10% of LPG production to Sui…

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SSGCL accuses ‘front men’ of creating LPG shortages

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ISLAMABAD: The Sui Southern Gas Company Ltd (SSGCL) on Thursday accused ‘front men’ of Liquefied Petroleum Gas (LPG) market operators of making complaints before the government institutions to block state-owned entities’ retail business for creating shortages and black marketing the product for personal gains.“Most of the complainants are self-proclaimed stakeholders and they themselves do not have any stakes in the…

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Draft LPG Policy Advocates Deregulated Pricing and Tax Incentives

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The interim government has crafted a blueprint for the LPG policy in 2024, proposing the deregulation of LPG pricing alongside a range of tax incentives. Under this draft, new LPG production would enjoy a 10-year tax holiday, while petroleum levy would be abolished, and GST reduced from 18 percent to 5 percent. In this proposed framework, the Petroleum Division’s role…

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JJVL Urges Deregulation in Proposed LPG Policy for Enhanced Competition and Investment

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In a bid to revolutionize the Liquefied Petroleum Gas (LPG) sector, Jamshoro Joint Venture Limited (JJVL) has advocated for the deregulation of base-stock prices of local and imported LPG in the forthcoming LPG Policy. This move aims to empower market dynamics to dictate pricing, fostering healthy competition and encouraging investment in the sector, according to JJVL. Under this proposed policy,…

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Govt decides to execute mega gas projects

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These include IP and TAPI pipelines to meet future consumer demand ISLAMABAD: The top leadership has decided to press ahead with all mega gas projects including the Iran-Pakistan (IP) pipeline to meet the growing consumer demand in future. Sources told The Express Tribune that the Petroleum Division had conducted a study on the requirement and future demand for gas projects.…

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SIFC takes notice of JJVL closure

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ISLAMABAD: In a new development, Special Investment Facilitation Council (SIFC) has taken the notice of closure of the Jamshoro Joint Venture Limited (JJVL) LPG-NGL extraction plant since June 2020 and directed the Petroleum Division to help resolve the disputes between the plant management and Sui Southern authorities. The plant can be used as an import substitution industry against LPG import…

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Draft LPG policy aimed at boosting local production finalised

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ISLAMABAD: Ministry of Energy (Petroleum Division) has finalised draft of Liquefied Petroleum Gas (LPG) Policy 2024, envisaging substantial fiscal incentives to promote domestic LPG production, its import and marketing. According to the summary of draft policy 2024 to be presented to the Council of Common Interests (CCI) for consideration, all LPG producers will dedicate up to 10% of their production…

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Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG

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Islamabad, January 01, 2024: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective January 01 2024, as under 2.  The LPG price Notification for the month of January 2024 is readily available at OGRA website www.ogra.org.pk. 3. The LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to…

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CPPA seeks Rs4.66 per unit FCA for XW Discos

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ISLAMABAD: The Central Power Purchasing Agency (CPPA) has sought a massive Rs4.66 per unit fuel cost adjustment (FCA) for an increase in ex-Wapda distribution companies (Discos) to generate additional amount in January 2024. The National Electric Power Regulatory Authority (Nepra) will hold a public hearing today (Wednesday 7 December 2023) on the CPPA-G’s request. In a petition, the CPPA acting…

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Foreign shareholders freeze participation in Russia’s Arctic LNG 2

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MOSCOW: Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday. The project, seen as a key element in Russia’s drive to boost its LNG global market share to 20 percent by 2030…

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