ISLAMABAD   -  Minister for Petroleum Ghulam Sarwar Khan on Friday announced all major agreements in the oil and gas sector, particularly those which were kept hidden, including one regarding the LNG import, would be made public and placed on the ministry’s website.

Being fuel of the common man, the government would review price of diesel, bringing the same at par with the price of petrol, said the minister while addressing a press conference here. Back in 2004, diesel was cheaper then petrol but now its price is higher than petrol, he said.

Minister for Petroleum Ghulam Sarwar Khan asseted that prices of petroleum products and taxes would be reviewed and fixed in accordance with the international market rates.

The petroleum minister said the ministry will particularly review the price of diesel and bring it at par with the rate of petrol which was cheaper than petrol before 2004, but now its price is higher than petrol.

He said efforts will be made to improve local production of refined and crude petroleum products, which is presently 15 percent against 85 percent of imports. He added the ministry will strengthen the role of Oil and Gas Development Company Limited (OGDCL) to increase local production.

He said Pakistan Petroleum Limited (PPL) has discovered new oil exploration of 23 million cubic feet per day (MMCFD) in district Sanghar of Sindh with the production of 91 barrels per day. He said the country has rich oil resources which will be explored in the coming days for improving local production.

Replying to a question, the minister said all major agreements, particularly those which were hidden, will be examined and placed on the ministry’s official website. He added the ministry itself will examine all such agreements before any step is taken by the National Accountability Bureau (NAB).

He said under the new policy, no any official will be allowed to hold duplicate, acting or additional charge along with actual charge in the ministry and attached companies. He added professionals will be appointed on all vacant posts through advertisements.

He stated that in line with the policies of Prime Minister Imran Khan, efforts will be made to minimise expenditures to protect the available resources while steps will also be taken to further minimise the line losses and other leakages in the petroleum sector.

He averred there will be zero tolerance regarding corruption at any level and all additional official vehicles will have to be returned to the ministry by high-ranking officials in the ministry or attached companies.

He asserted efforts will be made for early start of Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project, adding the outgoing federal government was not moving ahead on the Pakistan-Iran gas pipeline project due to the sanctions imposed on Iran, however, the PTI government will try to avoid reaching such situation when Iran goes to International Court of Justice.

 

 

 

 

 

FAWAD YOUSAFZAI