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Govt hints at spot market purchase to ease LPG prices
ISLAMABAD: The federal government has indicated it will resort to spot market purchases to meet surging winter LPG demand amid ongoing supply constraints, a move expected to push retail prices of LPG to Rs450–500 per kg. Federal Petroleum Minister Ali Pervaiz Malik stated this in a joint press conference with Information Minister Attaullah Tarar here on Tuesday. Ali Pervaiz said that with international spot market premiums currently standing at USD 300 to USD 400 per tonne over the Saudi Aramco Contract Price (CP), the fully loaded landed cost of imported LPG translates to estimated Rs450 to R...
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