Pakistan: Import parity pricing to increase LPG production

KARACHI: The decision to take up the cost of locally produced liquefied petroleum gas (LPG) to import parity price (IPP) will encourage investment for its production and allow consumers to choose between different fuels, an Ogra official told The News on Friday.

Oil and Gas Regulatory Authority (Ogra) on Wednesday announced the base stock price of LPG benchmarked with Saudi Aramco Contract Price (CP) for the first time ever, provoking marketing companies to term the move unjustified and against the consumers