ISLAMABAD: The federal government made a plan to shift oil supply in the country from transport to pipeline, which will not only reduce costs but will also provide relief to consumers.
The Petroleum Division informed that the implementation of the plan to shift oil supply from transport to pipeline in the country will reduce transport costs and provide relief to consumers. At present, diesel is being supplied in the country on 100 percent transport supply.
In this regard, it was informed that 60 percent of the supply of petrol across the country depends on transport. Under the project, a pipeline will be laid from Faisalabad to Thalian in the first phase, while the implementation of a tracker system has also been started to stop the illegal oil supply chain.
Federal Minister for Petroleum Ali Pervez Malik told journalists in a briefing regarding the petroleum sector that the reform agenda has been implemented in the petroleum sector, the implementation of the agenda has stabilized gas prices, and the flow of circular debt in the gas sector has been reduced to zero.
He said that the government or consumers have to pay for the fuel they have consumed, and a high-powered committee has been formed regarding the payments of three government companies. He said that steps have been taken to bring new investment in the sector, attention is being paid to the problems of the oil supply chain and oil marketing companies, and the problems of payments to oil supply chain OMCs from the FBR need to be resolved.
Ali Pervez Malik said that two to three meetings have been held with the Ministry of Finance regarding payments and progress is expected in this regard in a week to 10 days. He said that a new policy will be made regarding the LPG industry and the LPG sector is currently deregulated while prices are being regulated.
The Federal Minister, while asking, said when was the first dollar spent on Reko Diq, a long-term policy will have to be implemented to develop the mining sector.
Read also: Petrol prices set for significant reduction next fortnight
