STC Petroleum Company Ltd: Ensuring Stable and Reliable Access to Liquefied Petroleum Gas

On Friday, April 24, the Cabinet approved the formation of the board of directors for STC Petroleum Company Ltd and the appointment of Tejanand Dewoo as part-time chairperson. This decision follows the acquisition of Petredec (Mauritius) Ltd by the State Trading Corporation (STC) in September 2025 for over USD 20 million (more than Rs 930 million). This transaction gives the State control over gas storage infrastructure previously operated by private entities.