Govt Allocates 10% of Local LPG Production to State-Owned Firms

ISLAMABAD: A high-level committee has announced that 10 percent of locally produced liquefied petroleum gas (LPG) will be reserved for state-owned companies, while private bidders will be permitted to purchase a maximum of 20 tonnes per day through an auction system.

The decision was made during a meeting on Saturday aimed at operationalizing the new LPG auction framework. Officials emphasized that this allocation is designed to ensure that state-owned firms have adequate access to domestic LPG supplies, which are crucial for various sectors, including energy and manufacturing.

This move is expected to stabilize the local LPG market and enhance competition among bidders. By allowing private companies to participate in the auction, the government aims to increase efficiency in the distribution of LPG, ultimately benefiting consumers through potentially lower prices and improved availability.

Looking ahead, the committee plans to monitor the auction process closely and may convene additional meetings to assess its impact on the market. Stakeholders are encouraged to provide feedback on the framework to ensure it meets the needs of both state-owned and private enterprises.