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Pakistan to start importing RON 92 standard petrol from October

oil prices fall

ISLAMABAD, 15 JULY (DNA) – Pakistan will start importing RON 92 standard petrol from October, which will improve efficiency of vehicles and give good mileage per litre, official sources in the Ministry of Petroleum and Natural Resources said Friday.

“Currently, the country is importing 87 RON petrol, which is not of a very high quality, but from October we are going to replace it with RON 92 standard petrol,” they told media. Besides, they said the government was making tireless efforts to increase the country’s oil refining capacity.

Accordingly, a task to Pakistan Arab Refinery Company (PARCO) to complete Khalifa coastal refinery, having capacity to produce 250,000 barrels per day, which was pending for last several years.

They said six oil and gas discoveries were made in June, adding 83 discoveries were made in three years since the present federal government took over.These are a record number of discoveries made in just one month, from where 50.1 mmcfd gas and 2,359 barrels oil per day would be produced.

Following the 83 oil and gas discoveries in last three years, around 631 million cubic feet per day (mmcfd) gas and 27,359 barrels per day Crude Oil production has been added to the system, they added.

Earlier Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that Pakistan is importing substandard petrol but from October sale of substandard 87 Ron petrol will be barred in country and it will be replaced with Ron 92 standard petrol. The refineries have been upgraded for the new task, he added.

Abbasi said that local refineries’ diesel refining plants are not upgraded as per international standards, therefore the ministry has extended timeline for refineries, but it has been directed to Pakistan State Oil (PSO) to import Euro-ii standard diesel from January 2017. DNA

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