CNG sector to be supported: Abbasi
ISLAMABAD: Petroleum Minister Shahid Khaqan Abbasi says the country has sufficient stock of petrol and there is no chance of any shortage of petrol in the country.
He was briefing National Assembly Standing Committee on Petroleum, which met in Islamabad on Tuesday under the chairmanship of Bilal Ahmad Virk.
The Minister said the petrol crisis was resolved taking timely measures, and now the petrol supply in the market has been maintained more than the demand.
Shahid Khaqan Abbasi said a single-member high level inquiry committee constituted by the Prime Minister is investigating shortage of petrol.
Shahid Khaqan Abbasi said that the main contributing factors in petrol growth are exponential increase in two wheeler population, CNG non-avail- ability and use in generators due to load-shedding.
Later talking to newsmen, the Minister ruled out any petrol crisis in the future. He said arrangements have been made in view of likely reduction in oil prices next month and rising demand of petrol. He said sufficient amount of petrol has been stocked to meet the demand next month.
Shahid Khaqan Abbasi said petrol crisis was overcome by taking effective measures. He said LNG is being introduced in Pakistan on 31st March, which will be provided to power generation plants.
He said prices of one liter of petrol will be equal to about one kilogram of CNG.
To a question, he said sufficient stock of diesel and furnace oil has also been ensured.
The Minister said CNG sector has been allowed to import
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