1. Ref. news based on the opinions/views expressed at a virtual moot organized by Think Tank at Islamabad Policy Institute attributing Govt's move to import Euro V Standard Fuel as 'premature decision', is strongly rebutted by this Division.
#PetroleumDivision #Euro5
2. The main argument was built about burden on the local consumers is incorrect. In view of PSO's tender results for Euro-V,prices either equal/even ⬇️ thn Euro-II petrol prices. Therefore, no huge financial impact on public or any -tive effect on balance of payment is expected.
3. As regards absence of Euro-V compliant engines, it must be known be tht less sulfur+additives allows older engines to operate efficiently, will ensure better performance by vehicles. The relevant stakeholders in the automobile sector have also admired the GoP decision
4. Regarding testing, Imported products are tested at discharge ports by the Hydrocarbon Institute of Pakistan (HDIP), which has updated its infrastructure by investing million of rupees. Moreover, decision on Euro5 was taken after nod from relevant stakeholders esp. Oil industry
5. #PetroleumDivision is committed to supply quality of fuels with a view to improve the overall environment and emission control standards in 🇵🇰.
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