ISLAMABAD–A week into the debilitating fuel shortage distressing the Punjab province, Minister for Petroleum Shahid Khaqan Abbasi on Monday said he was ashamed on behalf of the government that the crisis has been allowed to continue.
The minister said that oil supply has been increased by 30 per cent throughout the country.
“Supply has increased by 50 per cent in Islamabad and Rawalpindi and 100 per cent in Lahore,” Abassi said during his briefing.
“CNG supply has been restored in Lahore and Karachi so that pressure can be removed from petrol stations,” he said.
The petroleum minister expressed optimism that the energy crisis would be resolved within a week. He also said that petroleum prices will be further reduced in the country in February.
Earlier today, Abbasi and other high-ranking officials participated in a meeting on the petroleum crisis which took place at the Prime Minister’s House in the federal capital.
During the meeting, Abbasi briefed the participants on the reasons behind the acute shortage of petrol, and also highlighted the steps undertaken to overcome it.
Federal Petroleum Minister Shahid Khaqan Abbasi on Monday put the blame squarely on the Ministry of Finance for the current petrol crisis in Punjab and KPK.
In a briefing to Prime Minister Nawaz Sharif, the petroleum minister said that the finance ministry did not release funds to the Pakistan State Oil on time that created severe shortage of petrol.
The Finance Ministry is headed by Ishaq Dar, who is a relative of the prime minister. Following the briefing, PM Sharif termed Abbasi’s reasoning as ‘unsatisfactory.’ He said that those responsible for the crisis would be held accountable.
The Prime Minister chaired a meeting over the crisis to devise a strategy on fuel management and providing immediate relief to the people. Meanwhile, Federal Finance Minister Ishaq Dar on Monday termed petrol shortage as the conspiracy against government.
Ishaq Dar said the Ministry of Finance has nothing to do with the petrol crisis. “Finance Ministry is not defaulter to anyone”, said Ishaq Dar. Denying reports that Finance Ministry is responsible for the crisis, the Minister said oil companies including Pakistan State Oil (PSO) are responsible for the crisis as they failed to maintain the minimum stock.
Ishaq Dar clarified that Finance Ministry doesn’t owe anything to the PSO adding they have already extended support to PSO to overcome the petrol shortage.
May 27, 2018 0
The 2018 Boao Forum for Asia (BFA) annual conference is scheduled for April 8 to 11 in Boao, Hainan Province. The forum will be themed "An Open and Innovative Asia for a World of Greater Prosperity."
— The Daily Mail - People's Daily