Govt considers G2G LPG imports to stabilise market: Fouzul

The government is considering importing liquefied petroleum gas (LPG) through a government-to-government (G2G) arrangement to stabilise prices and ensure fair supply beyond the existing monopoly-dominated market, said Muhammad Fouzul Kabir Khan, adviser to the interim government for power, energy and mineral resources.

He made the remarks while responding to questions from Jago News on Monday, January 12, afternoon regarding allegations of mismanagement, high prices and an LPG supply crisis.

The adviser said around 92 per cent of the country’s LPG business is currently controlled by the private sector, while the government’s share stands at only about 2 per cent. 

“The segment that is outside government control is entirely in private hands. Looking ahead, the government is considering taking on a larger role in the LPG sector to help maintain market balance,” he said.

Muhammad Fouzul Kabir Khan added that additional LPG imports are now necessary. “The import process began a day or two ago, and it may take about a week for the additional LPG to reach the country,” he said.

Asked whether the ongoing crisis was caused by a decline in LPG imports, the adviser dismissed the claim. “I don’t think so. According to information from LPG operators, more letters of credit (LCs) have been opened for LPG imports this month compared to last month,” he added.