Energy sector on recovery path after govt. fixes PTI regime mistakes.

ISLAMABAD -- The incumbent coalition government, led by the Pakistan Muslim League-Nawaz (PML-N), took all possible corrective measures to revive the energy sector and lessen sufferings of the common man facing hard times due to wrong policies of the PTI regime.

Now, the prudent policies introduced by the current government in the energy sector have started yielding the required results, and their dividend is being passed on to the public in the form of reduced prices of petroleum products, fare charges of Pakistan Railways and Pakistan International Airlines (PIA).

The prices of petrol and diesel have been slashed by Rs18.50 and Rs40.54 per liter respectively instead of imposing the sales tax on petroleum products.

Similarly, following the guidelines of PM Shehbaz to ensure providing maximum relief to the masses, Minister for Aviation Khawaja Saad Rafique announced 10 per cent cut in fares for the passengers travelling in the economy class of main express trains, as well as both the economy and business classes of the Pakistan International Airlines (PIA), domestically. Besides, up to 15 per cent reduction in the PIA's fares on international routes aimed at passing on the benefit of decreased jet fuel prices to air travelers.

Minister of State for Petroleum Dr Musadik Malik said due to effective policies of the government, the country's oil import was witnessing a significant reduction; and because of effective management, the petrol and diesel stocks stood at the record highest level.

This June, the country imported almost 9 per cent less petroleum products with effective management as compared to the same month of the last year.

In June 2021, around 778,000 Metric Ton (MT) petrol was sold in the country that came down to 704,000 MT in June 2022, showing a 9 percent decrease. Similarly, there was an 8-9 percent decline in the sale of diesel oil used in heavy vehicles and agriculture machinery.

Besides, there was almost a 30 per cent projected reduction in consumption of petrol, if comparison was drawn between July-2021 and July-2022.

'In July last, almost 818,000 Metric Ton petrol was consumed, and the consumption projection for the current month (July) is 580,000 MT.' Likewise, around 730,000 MT diesel...

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