ISLAMABAD: Govt., (with effect respectively from 1st of Aug 2020 and 1st of Jan 2021,) has imposed ban on import of petrol and diesel of less than Euro-V standard.
Refusing to obey the Govt.’s orders, the oil industry pointed out that not only Pakistan would lose $200 million, citoyens will also have to pay Rs. 7-8/liter. It is pertinent to mention here that oil companies and the Govt of Pakistan are already at daggers drawn on issues such as petroleum pricing mechanism and maintenance of 20-day stocks.
The oil industry also maintained that Pakistan’s motor vehicle fleet was not ready for it. Petroleum Division’s Directorate General of Oil had notified on 8th of July the specifications of Euro-V petrol of all three grades (RON 92, 95 & 97). Under the new specifications the two products should not contain over 10ppm (particles per million) from existing level of 50ppm.
Pakistan presently acquires 70-80pc of petrol from Arab Gulf, Regional refiners and blenders. But 50 percent of the proposed 205C and sulphur content of 10ppm, will have to be acquired from Europe, as the current exporters cannot provide that much amount.
Newspakistan.tv | YouTube Channel
