Petroleum consumption in Pakistan has been booming. The demand for crude oil and refined petroleum products, such as motor gasoline and high-speed diesel, has been growing at a rapid pace. The country’s crude oil refining industry plays a crucial role in satisfying the local energy needs. On top of this, the industry saves Pakistan billions in foreign exchange reserves every year, provides employment opportunities to tens of thousands, and makes significant contributions to the national exchequer in the form of duties and taxes while strengthening Pakistan’s energy security. However, the refining industry has received little support from the government in…
Author: Sarfaraz A. Khan
Petroleum consumption in Pakistan has been booming. The demand for crude oil and refined petroleum products, such as motor gasoline and high-speed diesel, has been growing at a rapid pace. The country’s crude oil refining industry plays a crucial role in satisfying the local energy needs. On top of this, the industry saves Pakistan billions in foreign exchange reserves every year, provides employment opportunities to tens of thousands, and makes significant contributions to the national exchequer in the form of duties and taxes while strengthening Pakistan’s energy security. However, the refining industry has received little support from the government in…