ISLAMABAD: Federal Finance Minister Senator Mohammad Ishaq Dar has said Pakistan has maintained the lowest prices of petroleum products in comparison to the rest of South Asia, particularly India and Bangladesh.
He stated this while chairing a meeting here with Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi, where they reviewed the progress of different initiatives relating to Ministry of Petroleum and Natural Resources. The Finance Minister said that under the advice of the prime minister, the finance ministry was providing maximum relief to the end consumers. He urged the Petroleum Ministry to focus on discovery of new fields so that the burden on national exchequer could be reduced on oil imports.
The petroleum minister appreciated the stability maintained in oil prices for the benefit of the end consumers. He also discussed with the finance minister the overall gas supply situation in the country.
He said that during winters the usage of natural gas by the domestic consumers goes up and his ministry will make every effort to maintain the pressure of the gas supply for domestic as well as industrial consumers.
He also informed the finance minister that petroleum ministry is encouraging investment for new discoveries of oil and gas to ease the supply situation in the country. The meeting was attended by senior officials of ministries of finance and petroleum and natural resources.
