Govt unveils LPG policy as power costs set to rise

• Directs four SOEs to re-enter LPG import business • Plans subsidised LPG at Rs300-350 per kg for BISP-eligible consumers ISLAMABAD: The government on Tuesday directed four state-owned enterprises (SOEs) to re-enter the liquefied petroleum gas (LPG) import business to ease severe supply constraints and soaring prices, while the power division sought an estimated Rs2-4 per unit increase in electricity purchase costs for the next calendar year. Speaking at a news conference at PTV headquarters, Petroleum Minister Ali Pervaiz Malik said the federal cabinet had approved a broad-based LPG policy…