Govt imposed a ban on the import of petrol and crude oil as demand falls due to virus lockdown – Research Snipers

Govt imposed a ban on the import of petrol and crude oil as demand falls due to virus lockdown

petrol

The government of Pakistan has reportedly imposed a ban on the import of petrol and crude oil starting from April.

According to the details, all the oil marketing companies have been directed by the government to lift petroleum products from the local market of Pakistan as the demand goes down due to the country-wide lockdown to stop the spread of the deadly virus.

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A letter contains the directions has been issued by the Petroleum Division to the Oil Companies Advisory Council (OCAC) urging Oil Marketing Companies (OMCs) and refineries not to import petrol and crude oil from April onward.

It is worth mentioning here that due to the massive dip in demand for petroleum products in the country following the lockdown, three plants of Attock Refinery Limited have already closed and only one plant is operational. On the other hand, the Pak-Arab Refinery Company (Parco) is also shut for the past month.

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