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SARA Pakistan’ Energy policy set to unveil!

ghazi52

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SARA Pakistan’ Energy policy set to unveil!

You may be wondering what is S.A.R.A (Sustainable, Affordable, Responsible, Available)



The key features are as follows;


1- All LNG terminals will be privatised

2- Anyone can import LNG and government will charge rent to transport gas through its pipeline

3- This is to break monopoly of existing LNG companies and price competitiveness

4- Euro 5 petrol only can be allowed to import from September 1st

5- Euro 5 Diesel only allowed to import from January 1st

6- Refineries will be allowed to produce Euro 2 till up-gradation

7- Refineries will be given incentives to upgrade

8- Massive auction of oil blocks. 20 blocks auction in September

9- Another 20 blocks to be auction next year

10- LPG policy will be released in next 10-15 days. To make fuel cheap and competitive

The government has decided to make energy market competitive and import dependence lower. Exciting time ahead. Stay tune with energy sector investments.




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Some people have their brains in the bottoms so what happens is that whetgwr they are sitting or walking they can't think straight. Hence there is always an o jection and doom and gloom on any positive step the government takes. They have to come up with appalling questions and unfounded criticism
 
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Euro-V fuel to help reduce pollution in Pakistan

New product range brings Pakistan’s fuel on par with global standards

August 19, 2020


ISLAMABAD: Prime Minister Imran Khan is keen on addressing the challenges related to climate change and the introduction of Euro-V standard fuel in a short span of time shows the government’s commitment to reduce air pollution for a clean environment, said Petroleum Minister Omar Ayub Khan.

At an event organised by Pakistan State Oil (PSO) to mark the upgrading of Pakistan’s fuel standard to Euro-V, the minister termed it the need of the hour to adopt upgraded fuel standards that would reduce the negative impact on environment and help the country move towards a sustainable future.

“Improvement in fuel quality will ultimately benefit the consumer and help create a cleaner environment with reduced pollution,” he said.

Special Assistant to Prime Minister on Petroleum Nadeem Babar, who was also present at the ceremony, stressed that Pakistan was heading in the right direction after having taken key steps to overcome the challenges posed by climate change.

“Upgrading fuel standards is a major step towards a cleaner and greener Pakistan,” he said. “We owe it to our future generations to bequeath to them a planet worth living in.”

Expressing his views, PSO CEO and Managing Director Syed Muhammad Taha said the new product range brought Pakistan’s fuel on a par with international standard fuels.

He added that the Euro-V standard fuels significantly reduced emissions and contributed to a healthy environment for future generations.

Euro-V standard fuels minimise the negative impact on environment owing to reduction in sulphur and benzene content by a staggering 98% and 80% respectively. This, in turn, reduces harmful vehicle emissions, resulting in health benefits and improvement in engine performance.

The reduction in benzene content will significantly improve the occupational health of industry workers, who are involved in product handling.

Published in The Express Tribune, August 19th, 2020.
 
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