SOUTH ASIAN MEDIA NET
Pakistan is considering meeting its needs for diesel and furnace oil from India, which will cost 30% less than imports from Gulf countries, sources say.
The government is also discussing import of 200 million cubic feet of liquefied natural gas (LNG) per day and 500 megawatts of electricity from Delhi.
An import plan for oil, LNG and electricity is being discussed after the federal cabinet granted most-favoured nation (MFN) status to India late last year.
“We are in deficit and will take up the issue of diesel and furnace oil import with an Indian team scheduled to meet with us in Islamabad on Monday,” Petroleum Minister Dr Asim Hussain told The Express Tribune.
Total diesel consumption of Pakistan is 6.9 million tons per year and domestic oil refineries produce 3.2 to 3.4 million tons. The remaining quantity is imported.
South Asian Media Net for more
(Thanks to Pritam Rohila)