LAHORE - The Federal Government should formulate the National Fuel Consumption Policy in consultation with the stakeholders in the public and private sectors and implement it to reduce the oil import bill.

This was stated by Chief Executive Officer Shoaib Ashfaq Qureshi of private concern, Future Technologies, which imports foreign technology based fuel saving gadget Panther. He said that the country’s import bill was gradually increasing due to various reasons mainly being its enhanced usage of petroleum products in the vehicles and there was dire need for adoption of fuel saving measures both in the public and private sectors to keep petrol, diesel and CNG consumption at the lowest level possible.

He said that the people were generally depending on the govt for reduction in the petrol prices but with dollar going up and continuous increase in the consumption of POL products and wrong customers knowledge, the desired results were not going to be achieved.

He while stressing the adoption of the international standardization and Pakistan’s becoming an active member of various international fuel consumption forums said that a number of countries around the globe including neighbouring India, China, USA, Canada, European Union, Japan, South Korea have adopted fuel saving measures.