NA Standing Committee on Petroleum and Natural Resources meets

ISLAMABAD: The meeting of National Assembly Standing Committee on Petroleum and Natural Resources was held here on Wednesday under its Chairman Ch Bilal Ahmed Virk.

The burning issue of petroleum crisis in the country was the main agenda item. Petroleum Minister Shahid Khaqan Abbasi and Mir Jam Kemal, Minister of State for Petroleum were also present in the meeting.

Responding to the queries, Shahid Khaqan Abbasi apprised the Committee that the main contributing factors in petrol growth are exponential increase in two wheeler population, CNG’s non-availability and use in generators due to load-shedding.

There was shortage of petrol in most areas of Punjab from January 15, 2015 to January 21, 2015. The reasons for disruption was the exceptional level of retail sales experienced through January 01, 2015.

The PARCO Refinery experienced the shut down due to tripping of 11KV lines in Muzaffargarh area. The National Refinery also experienced a technical problem and was forced to shut down; and also to PNSC vessels carrying petrol experienced un-expected delays. The exceptionally high sales coupled with delays imports caused the shortage of petrol in the country.

He further apprised that immediate measures were taken and petrol product was arranged and now total stocks of petrol in the country are sufficient for nine days. He said a single-member high level inquiry committee has been constituted by the Prime Minister and its investigation is underway and final report is still awaited.

Besides, the Committee also examined the issues of three OGDCL Housing Societies and directed the Managing Director OGDCL to present comprehensive report on this issue on February 10, 2015 in Committee meeting to fix responsibility on the serving/retired General Managers (previous and present office bearers of the Societies) and other officials of OGDCL and further sending the case to the investigation agencies for report.

The Committee also directed the MD OGDCL to suspend the present officers/officials of OGDCL who are allegedly involved in embezzlement. The Committee deferred the discussion on “The Gas Infrastructure Development Cess Bill, 2014” till next meeting. Besides, the Committee also got briefing on Hydrocarbon Development Institute of Pakistan (HDIP).

The post NA Standing Committee on Petroleum and Natural Resources meets appeared first on Pakistan Press International.

Leave a Reply