Petrol reserves sufficient for 27 days, diesel for 21: petroleum secretary tells Upperhouse panel
ISLAMABAD: Pakistan has sufficient petrol reserves for 27 days and diesel reserves for 21 days, Petroleum Secretary Hamed Yaqoob Sheikh stated on
An illustrative image related to: Petrol reserves sufficient for 27 days, diesel for 21: petroleum secretary tells Upperhouse panel, highlighting key aspects of the story. | Image source: Dawn.com
Petrol reserves sufficient for 27 days, diesel for 21: petroleum secretary tells Upperhouse panel
ISLAMABAD: Pakistan has sufficient petrol reserves for 27 days and diesel reserves for 21 days, Petroleum Secretary Hamed Yaqoob Sheikh stated on Monday while addressing a session of the Upperhouse Permanent panel on Petroleum.
The permanent panel, chaired by Senator Manzoor Ahmed, was session after the province announced a Rs55 per litre hike in the prices of both petrol and high-speed diesel in response to tensions in the Middle East.
The secretary further stated that jet energy (JP1) reserves were available for 14 days, crude petroleum stock for 11 days and liquefied natural gas (LNG) reserves for nine days.
Additionally, he informed the panel that the import of oil of quality below Euro 5 standard had now been allowed.
Sheikh stated that 70 per cent of Pakistan’s petrol comes from the Middle East, and due to the suspension of ship movements affecting provision, prices have increased.
The price of high-speed diesel rose from $88 to $187, while petrol increased from $74 to $130, he further stated.
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