The Oil and Gas Development Company Limited (OGDCL) has expressed its displeasure for being excluded from the formulation of the new LPG Policy 2021 by the Petroleum Division.
It retorted in a statement that the DG LPG had initiated the process of the consultation to finalize the LPG Policy 2021 but had done so without seeking its assistance in the deliberative proceedings.
It argued, “Accordingly, you are requested to extend an invitation to OGDCL for undertaking a meaningful consultative process; OGDCL management had requested DG LPG Petroleum Division to make it a part of consultation”.
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The OGDCL had previously called for a revision of the LPG Policy 2020 through which the local LPG producers had been incurring substantial losses at the cost of unfriendly incentives that were being hand-fed to the influential importers of the game.
Following this, a new draft policy for the country’s LPG backdrop had been deliberated by the Petroleum Division, but this had been done without taking OGDCL on board.
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The Petroleum Division responded to the OGDCL’s remarks and dismissed the implication of protecting the LPG importers under the new policy draft. It explained that various regulatory measures will be administered under the new policy to safeguard the interests of the consumers and to address the decades-long issue of price disparity owing to the low production of LPG despite the high demand.
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