Ministry of Energy requests ban on imports
Lahore, 15th June: The Ministry of Energy, Petroleum Sector has issued a notification to the Oil Companies Advisory Council Karachi to impose a ban on the import of oil.
According to Baaghi TV, The Director-General of Oil has requested to cancel the planned imports of oil since April 2020, so that the operations of refineries are maintained at an adequate level.
According to the Director-General, the consumption of Motor Gasoline has dropped significantly due to the enforcement of the lockdown that the provincial governments had imposed to control the spread of the coronavirus.
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He informed that the OMCs have sufficient inventory of the product, therefore, all OMCs are requested to cancel their planned imports (April 2020 onwards) and increase their off-take from refineries so that the operations at refineries are maintained at an adequate level.
All OMCs are advised to finalize/update their commercial agreements with the local refineries for required product sourcing.
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Refineries may facilitate OMCs in this regard.
The Oil Companies Advisory Council is directed to convey the above directives to all OMCs/refineries for strict compliance.
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