LPG auction results held back amid legal, policy hurdles

• Retail prices may rise by about 15pc if auction costs are passed on • Govt says signature bonus burden should not be transferred to consumers ISLAMABAD: Amid legal challenges and political pressure, the Petroleum Division has held back for more than a week the results of bidding for the sale of locally produced liquefied petroleum gas (LPG), which is estimated to result in a 15 per cent increase in retail prices for the ‘poor man’s fuel’ just ahead of winter. In auctions conducted on August...

By [email protected] (Khaleeq Kiani)