Refineries given green light to import crude oil

Sandra Loyd

KARACHI: The federal government has actually approved consent to refineries to import crudeoil

According to a notice of the Ministry of Energy (Petroleum Division), the decision has actually been taken due to the increasing need for fuel throughout the collecting season.

” … high intake of Motor Gas/ HSD have actually been seen because 1 st April, 2020 which is due to advancing collecting season throughout the nation,” the alert specified.

Based on present practices, oil marketing business are permitted to keep 20 days of fuel in their storage. Following the huge dip in need for petroleum items owing to the across the country lockdown, the federal government chose to put a restriction on the import of crude oil on March 26, 2020.

Sources declare that the decision to raise the restriction is taken in factor to consider of the huge slash in international oil rates and owing to the boost in need due to the lockdown being relieved throughout provinces.

The author belongs to personnel.

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