LPG sector attracts Rs3.72 bn investment in nine months of FY2019-20

LPG sector attracts Rs3.72 bn investment in nine months of FY2019-20

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Islamabad: The Liquefied Petroleum Gas (LPG) sector attracted approximately Rs 3.72 crore in supply and distribution infrastructure investment during the first nine months of this fiscal year (July-March), which indicates that investors are friendly to the government’s business-friendly policies Full of confidence.

“The current size of LPG market is around 1,061,447 Metric Ton (MT) per annum, while the commodity supply during the nine-month period stood at 739,785 MT,” according to Economic Survey 2019-20.

Around 76 percent of the LPG consumed is met through local production, whereas the rest is imported. “Refineries, gas producing fields in Pakistan and imports are three main sources of LPG supply in the country.

” Currently, as many as 11 LPG producers and 200 LPG marketing companies are operating in the country, with more than 7,000 authorized LPG distributors.

The Oil and Gas Regulatory Authority (OGRA) has simplified the process of granting LPG licenses, which will be granted on a rapid basis once the requirements are met.

During this 9-month period, the authorities issued 1 operation license for LPG storage terminals, 3 licenses for building LPG Air-Mix factories, 35 licenses for building LPG storage and filling factories, and 18 licenses for LPG storage and filling plants.

In addition, OGRA has granted three LPG automatic gas station construction licenses and three LPG automatic gas station operation permits.

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