ISLAMABAD: Minister for Petroleum Ghulam Sarwar Khan has said that all major agreements in oil and gas sector, particularly those which were kept hidden, including LNG would be made public and placed on ministry’s official website.
Diesel is the fuel of common man but it has become expensive but they would review its prices and ensure to make its price at par with the price of petrol, said Sarwar while addressing a press conference here on Friday.
Back in 2004, diesel was cheaper than petrol but now its price is higher than the petrol and the government would review it, he further said.
Sarwar said the prices of petroleum products and taxes would be reviewed and fixed in accordance with the international market.
Replying to a query, the minister said that all major agreements particularly those which were hidden would be examined and placed on ministry’s official website. The ministry would examine itself all such agreements before any step of National Accountability Bureau (NAB), he added.
He said efforts would be made to start of Turkmenistan–Afghanistan–Pakistan–India Pipeline (TAPI) project by 2019. Regarding Iran Pakistan gas pipeline the minister said that the federal government was not moving ahead with the project due to sanctions imposed on Iran.
Iran may try to go to International court against Pakistan, however, the government would try to avoid reaching such situation.
He said that efforts would be made to improve the local production of refined and crude petroleum products which is presently at 15 per cent against 85 per cent of imports.
The ministry would strengthen the role of Oil and Gas Development Company Limited to improve local production, he added.
