Pak LPG sector attracts Rs. 11 bn investment

Islamabad: The Liquified Petroleum Gas (LPG) sector has so far attracted an investment of Rs 11 billion as result of government's prudent policies and efficient regulation. According to the Oil and Gas Regulatory Authority (Ogra), the investment is expected to increase substantially in future, with introduction of LPG in the automotive sector.

At the end of last financial year, there were 10 LPG producing companies and 60 LPG marketing companies operating in the country while 61 licenses for the construction of storage and filling facilities have been issued. The Authority issued 13 licenses for marketing of LPG, while 29 licenses have been issued for construction of LPG storage and filling facilities at various locations in the country last year.