Govt assures that it will solve problems faced by the Oil industry

ISLAMABAD, June 02 (SABAH): The government has assured that it will solve the problems faced by the Oil industry.

Minister of state for Petroleum Dr. Musadik Masood Malik chaired a high level meeting with all OMCs of country and Oil Companies Advisory Council (OCAC).

The OMCs have categorically stated that they have enough stocks of petroleum products for smooth supply in the country and have committed to maintaining the integrity of supply chain.

Minister has assured the industry that all their reasonable concerns regarding finances will be duly taken up with the Finance Ministry, including LCs and Turn over tax matters.

The government has assured that it will solve the problems faced by the Oil industry and will take up the matters will all quarters concerned.

Dr. Musadik Malik lauded the OMCs for timely communications and averting any foreseeable crisis in the country. He further said that we will work hand in glove with the oil industry to ensure that our stocks don’t dry out. Both sides have committed to stop illegal hoarding practices.