Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi claims that petroleum price in Pakistan is the lowest among oil importing countries. He also claims that loadshedding will be eliminated by the next summer.
He was talking to media after the inauguration of Pakistan Oil Gas and Energy Expo (POGEE), organized by the Pauses Consultancy.
Talking to journalists, the Minister said that current government passed on the benefit of reduced petroleum prices to the common man. He also stated that Pakistan is dependent on petroleum imports where the country’s demand is 800,000 barrels and the local production is only 100,000 barrels.
“Pakistan is selling petroleum at the lowest price as compared to other importing countries. It is expected that the petroleum price will remain between 40 to 60 dollar per barrel.” – Khaqan Abbasi
Shahid Khaqan Abbasi told that there are power plants worth 10,000 MW under construction. Elaborating on them further, he said that 7000 MW will be generated by coal and 3000 MW from LNG. He also said that most of them will come online till the start of 2018. In September this year, he hoped that the supply and demand gap in power sector will be bridged.
Pakistan produces much of its electricity via furnace oil. It is not very efficient, and additionally it is an expensive fuel. Within the next five years, furnace oil will be eliminated as per the Petroleum Minister.
Abbasi further said that liquefied natural gas (LNG) is the most efficient and cheapest source of energy. Government is willing to enhance the LNG related infrastructure that reduces dependency on furnace oil. After taking charge of the ministry, Shahid Khaqan said that within 11 months, the first LNG Terminal was operational and it is providing gas to the country since 2 years. He added that the next LNG terminal will be operational within 4 months.
“Government is constructing 3 power plants based on LNG, with an efficiency rate of 65 percent. Within 5 years Pakistan will be importing the 30 million tonnes of LNG. Foreign Direct Investment (FDI) will be welcome in the LNG sector.” Abbasi said.
Waisay Ye World Wide Fuel Price Ki Chart Hai Jo Email ati hai Mujhy in USD = 105 PKR Approx :
Venezuela Price USD 0.01 = PKR 1.050 Per Liter Approx
Pakistan Price USD 0.70 = PKR 74.55 Per Liter Approx
Is it ture k world main itna kam hai ?
https://uploads.disquscdn.com/images/b3879baef31ef91dff58924946f1cd0cb08328f014251dd2a2a8725a49455920.jpg
Nasamaj Doggy {-_-}
Wahab sahib, your petrol price for Saudi Arabia is not correct. The article was talking about oil importing countries, however.
Dear Fudayl, its correct for KSA. The price quoted is 0.24 or in terms of SAR 0.24×3.75 will give you 0.9 SAR which is the price as it varies in KSA from 0.75 for grade 91 to 0.9 for higher grade. And in distance areas its 0.85 to 1.0 SAR
MJK sahib, I can’t believe you said that. Higher grade (95) is only a small fraction of total gasolene sale in KSA. Also, please note that 91 grade gas prices are uniform throughout Saudi Arabia.
CHARIYA its all about oil importing countries not oil producing non sense
out of all the 8 countries mentioned in this list, only Pakistan is oil importing country. so according to this picture minister is right
Above is not complete list
This is all complete list
https://uploads.disquscdn.com/images/4f405b35bfa82ee424cec7b7a66d8d656a2ae2cf4ff5c3d241e80c734d8d1444.jpg
Abdul WAHAB
Chala Jata Ho Yaha Se :
Ye ProPk Ki Mehfil Ab Kaam Ki Nahi :
Good Bye
Keep your word
When you say you will do something, and don’t do it, you teach others (including yourself) that you cannot be trusted.
Plz share rates at non oil producing countries.
Check above wala image all countries ki price show ki hai
Seems our minister is right.
Bhae, ye sab countries oil import nae export krtay hay that’s why oil price is very low there.
‘He also claims that loadshedding will be eliminated by the next summer.’ Get ready for more claims like these now. When their tenure is about to end, they’ll say things that are impossible to do.
FueriousNinja, you just might have to eat your words. Wait for end 2017.
I’ll have no problem admitting that I was at fault if the issue of loadshedding gets resolved soon as the minister has said. But we have heard so many statements like these before, haven’t we? So I’m not so optimistic.
you mean wait for election months?
pakistan also has cheapest quality petrol ron 89
The power of purchasing is way too low in Pakistan as compared with other oil importers importing in such quantity.
is ki batein sun kar abbasi aagai
“He also claims that loadshedding will be eliminated by the next summer” . Makes the whole statement doubtful :P