Senate panel lauds introduction of Euro-V fuel

Members get briefing on import of high-grade petrol and its specifications

ISLAMABAD:

The Senate Standing Committee on Petroleum appreciated the Petroleum Division for introducing Euro-V standard fuel in the country, which would help facilitate motorists, tackle pollution and environmental issues.

"It is a new step taken in the right direction, which will help improve environment, control wear and tear of engines and reduce consumption of fuel. We appreciate it [the decision to import Euro-V fuel]," said Committee Chairman Mohsin Aziz on Friday.

Senior officials of the Petroleum Division, Pakistan State Oil (PSO) and Hydrocarbon Development Institute of Pakistan (HDIP) briefed lawmakers about the import of Euro-V standard petrol and its specifications, making a detailed comparison with Euro-II.

They said the government was not introducing any new main grade for diesel and petrol, rather it had simply altered product specifications in relation to the sulphur content, which would now be conforming to Euro-V standards instead of Euro-II.

The meeting was also informed that the import of Euro-V standard petrol had started from September 1, while the high-grade diesel would start arriving from January 1, 2021.

Answering a question, the lawmakers were apprised that with import of the high-grade fuel, almost 70% of petrol consumed in the country would be shifted to Euro-V standards, while two major refineries claimed that their product quality was close to Euro-V.

The officials said specifications and standards of the refineries' product would be examined by experts, following which availability of 100% Euro-V petrol would be ensured in the country.

Published in The Express Tribune, September 5^th, 2020.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.