Nadeem Babar, Special Assistant to the Prime Minister on Energy said on Thursday While addressing a news conference, the government has decided to abolish various unnecessary regulations to facilitate investment in petroleum sector.
Including policy reforms, are being introduced to ensure ease of doing business in petroleum sector, also announced to introduce new LPG policy next month.
The tax exemptions will be offered for installation and up-gradation of refineries and gas consumers will have fifteen days for bill payment.
The special assistant further added that new industrialists face difficulties getting into this sector.
Further he said, a new policy has been prepared to increase domestic production of LPG and decrease its import. He said a pricing mechanism will also be introduced about LPG.
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