Four SOEs ordered back into LPG imports under new policy
The federal cabinet has approved an LPG policy sending four state firms back into imports as black-market rates hit Rs700-800 a kg against Ogra’s November cap.
Federal cabinet approved a broad LPG policy; four state-owned firms will resume imports via G2G and B2B deals.
Black-market LPG was selling at Rs700-800/kg versus Ogra’s November maximum of about Rs295/kg (Rs294.08 notified).
After SOE supplies start, the minister expects open-market rates around Rs450-500/kg based on Saudi Contract Price and premiums.
Prime minister directed subsidised LPG at Rs300-350/kg for BISP-eligible consumers, funded by a clawback on local LPG auctions.
Separately, the power division sought roughly Rs2-4 per unit higher electricity purchase costs for the next calendar year.