Pakistan to auction 90 percent of local LPG production
The Petroleum Ministry announced on Saturday that Pakistan will auction 90 percent of its indigenous liquefied petroleum gas under a new framework.
Committee oversees transparent bidding process
Federal Minister Ali Pervaiz Malik chaired the initial meeting of the LPG committee to operationalize the cabinet-approved plan. The group will review market supply arrangements and periodically assess pricing mechanisms for the fuel.
State firms get reserved shares
Producers must set aside 10 percent of their output for state-owned marketing companies serving hard-to-reach areas. This reservation ensures that remote regions receive a guaranteed supply of the cooking gas.
Daily purchase limits set now
The committee established a cap allowing each participant to buy up to 20 metric tonnes per day. Officials will also monitor daily production figures closely to maintain stability in the market.
2 outlets, different leads
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Business Recorder
Govt to auction 90% of indigenous LPG production under new mechanism
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Dawn
LPG availability, fair pricing among govt priorities, says petroleum minister
Reported by
2 independent outlets. Headlines as published. Links open the original report.