CNG sec­tor to be sup­ported: Ab­basi

The Financial Daily - - FRONT PAGE -

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

See # 2 Page 11

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.