LPG Mafia Era Is Over: PM Shehbaz

Prime Minister Shehbaz Sharif has declared the end of the LPG mafia, saying the groups that created billions of rupees from the trade for decades no longer control it.

Key points

• Local producers will sell LPG through open auctions in lots of five to 10 tonnes, monitored by OGRA and the Petroleum Division.
• The base cost will be linked to Saudi Aramco's monthly contract rate, and OGRA will stop issuing LPG cost notifications.
• "The era of the mafia is over, " the PM remarked while chairing the federal cabinet gathering on Wednesday, according to a video shared by the Administration of Pakistan.
• Under the new LPG policy approved by the cabinet, four state-owned firms, PSO, Pakistan LNG, SSGC-LPG and PARCO-LPG, will resume imports through government-to-government and business-to-business deals.
• The PM remarked the profit from the auctions will go to the national treasury and be employed to subsidise LPG for ordinary individuals.

"The era of the mafia is over, " the PM remarked while chairing the federal cabinet gathering on Wednesday, according to a video shared by the Administration of Pakistan. He remarked LPG imports and supply would now be handled with competition and transparency, with state-owned businesses such as PSO and PARCO bringing in the fuel. Govt Approves Grant for Luxury Executive Jet for Pakistan Army.

While importing businesses will post their landed costs on their websites, he continued that the first auction of locally produced LPG will be held next week under camera supervision. How the New System Works.

Under the new LPG policy approved by the cabinet, four state-owned firms, PSO, Pakistan LNG, SSGC-LPG and PARCO-LPG, will resume imports through government-to-government and business-to-business deals. They have received supply offers from Saudi Arabia and Oman.

Notably, the discretionary quota system. It benefited influential groups, is being abolished. Local producers will sell LPG through open auctions in lots of five to 10 tonnes, monitored by OGRA and the Petroleum Division.

Notably, the base cost will be linked to Saudi Aramco's monthly contract rate, and OGRA will stop issuing LPG cost notifications. What This Means for You.

Notably, the PM remarked the profit from the auctions will go to the national treasury and be employed to subsidise LPG for ordinary individuals. Under the policy, that funds goes into a fund for BISP-eligible households. Illegal Housing Societies to Lose Gas and Electricity.

Meanwhile, the change comes after cylinder rates shot up to as much as Rs. 7, 200 in the open market, more than double OGRA's notified rate of Rs. 3, 296. If the auctions and imports growth supply, the gap between official and market costs should narrow. Stay Connected with ProPakistani.

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For now, LPG Mafia Era Is Over: PM Shehbaz remains the part of the story worth watching, and further updates are likely as more details are confirmed.