Hammad underlines need for crafting WACOG legislation to meet gas demand

ISLAMABAD: Minister for Power Hammad Azhar has underlined the necessity for crafting Weighted Common Value of Gasoline (WACOG) laws to fulfill elevated demand of the commodity particularly in peak winter season.

“Throughout winter a requirement spike happens in native gasoline circuit which can’t be plugged by imported LNG until WACOG laws,” Hammad Azhar stated in a tweet.

He stated the nation had two gasoline circuits in operation, beneath which 70 per cent was based mostly on native gasoline and 30 per cent on imported Liquefied Pure Gasoline (LNG).

On November 21, the minister for power had stated the federal government was going to introduce digital gasoline pipeline system of the LNG to beat power scarcity within the nation.

Learn extra: Gasoline provide suspended to gasoline stations: SSGC

“The supply of gasoline to home customers through the winter season is the primary precedence of the federal government,” he had stated speaking to a non-public information channel.

Hammad Azhar had stated the federal government would obtain two further LNG cargoes in December to satisfy the requirement of the gasoline within the nation.

The minister had stated the consumption of gasoline elevated three per cent in each winter season and the federal government was making all-out efforts to fulfill the home demand of gasoline.

Leave a Reply

Your email address will not be published. Required fields are marked *