Karachi:
The Federal Minister of Energi Ali Pervaiz Malik has stated that power -generating companies do not use imported gas according to agreements and results in the result of expensive gas being sold to domestic consumers to subsidized rates, leading to an increase in circular debt.
“The power companies are violating their agreements, which increases the obligations of national gas import companies,” Malik said, talking to the media at the headquarters of Sui Southern Gas Company (SSGC) on Friday.
The minister revealed that smuggled fuel spreads like a “cancer” and to limit it to be registered petrol pumps and digital nozzles. “The oil and gas regulation authority (OGRA) will be fully digital in two to three months, enabling complete monitoring of fuel supply and sales from refineries to petrol pumps,” he said, adding that 85% of the moving stock -digital tracking has already been completed.
The Minister of Energy said that no final decision has yet been made to increase Petroleum Development Levy (PDL) and its enforcement of prices has not taken place for now. He emphasized the need for a coherent and overall energy policy, which suggests that all energy sources must be evaluated to equal standards.
Malik emphasized that the government’s success in reducing electricity prices and maintaining current petrol and diesel prices is a significant performance. However, relief in the electricity sector has become a burden on the petroleum sector.
