{"id":62811,"date":"2020-03-17T15:30:34","date_gmt":"2020-03-17T10:30:34","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62811"},"modified":"2020-03-19T15:11:45","modified_gmt":"2020-03-19T10:11:45","slug":"savings-petroleum-import-govt-mulls-bringing-prices-down","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/savings-petroleum-import-govt-mulls-bringing-prices-down.html","title":{"rendered":"Savings on petroleum import; govt mulls bringing prices down"},"content":{"rendered":"\n<p>Islamabad: The federal government has devised a plan to save USD 273 million per annum on petroleum imports, a news source reported. As per the publication, the savings will either be utilised to initiate a project in the petroleum sector or lower the petrol costs for the consumers.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/npha-to-construct-2-mn-low-cost-units-in-rural-areas-shares-prices.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"NPHA to construct 2 mn low-cost units in rural areas; shares prices (opens in a new tab)\">NPHA to construct 2 mn low-cost units in rural areas; shares prices<\/a><\/p>\n\n\n\n<p>Recently, the top officials of the Petroleum Division presented a plan before Prime Minister Imran Khan and suggested how the petroleum prices could be curtailed. Reportedly, the petrol cost has two major components \u2013 its quality and supplier premium. In the supplier premium component, the prices can be cut down by USD 3 per barrel. If <a href=\"https:\/\/www.zameen.com\/news\/govt-reveals-ease-doing-business-roadmap-petroleum-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"petroleum  (opens in a new tab)\">petroleum <\/a>is supplied through a large vessel of 60,000 tonnes instead of the Motor Spirit with a capacity of 25,000 to 30,000 tons, the price can be further reduced by USD 3 per barrel. <\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/psdp-cuts-result-lowered-cement-prices.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" PSDP cuts result in lowered cement prices (opens in a new tab)\"> PSDP cuts result in lowered cement prices<\/a><\/p>\n\n\n\n<p>Additionally, if the country starts importing\npetroleum through the government-to-government arrangement, the prices can be additionally\nsliced by USD 1-2. As a result, the saving will rise to USD 273 million per\nyear. It will also give Pakistan the facility of deferred payment and diminish\nthe debt problems of Pakistan State Oil (PSO).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has devised a plan to save USD 273 million per annum on petroleum imports, a news source reported. As per the publication, the savings will either be utilised to initiate a project in the petroleum sector or lower the petrol costs for the consumers. Read: NPHA to construct 2 mn low-cost units in rural areas; shares prices Recently, the top officials of the Petroleum Division presented a plan before Prime Minister Imran Khan and suggested how the petroleum prices could be curtailed. Reportedly, the petrol cost has two major components \u2013 its quality and supplier premium. In the supplier premium component, the prices can be cut down by USD 3 per barrel. If petroleum is supplied through a large vessel of 60,000 tonnes instead of the Motor Spirit with a capacity of 25,000 to 30,000 tons, the price can be further reduced by USD 3 per barrel. Read: PSDP cuts result in lowered cement prices Additionally, if the country starts importing petroleum through the government-to-government arrangement, the prices can be additionally sliced by USD 1-2. As a result, the saving will rise to USD 273 million per year. It will also give Pakistan the facility of&hellip;<\/p>\n","protected":false},"author":76,"featured_media":60548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[23200,23201,17889,23199],"persona":[],"class_list":{"0":"post-62811","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-govt-mulls-bringing-petroleum-rices-down","9":"tag-pakistan-state-oil-pso","10":"tag-prime-minister-imran-khan","11":"tag-savings-on-petroleum-import","12":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Savings on petroleum import; govt to bring prices down - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has devised a plan to save USD 273 million per annum on petroleum imports, a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/savings-petroleum-import-govt-mulls-bringing-prices-down.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Savings on petroleum import; 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