Pakistan Economy Watch Vice President Abdullah Tariq on Tuesday said that the cost effective energy resources for power generation were needed to get rid of load shedding and for long term economic development in the country. “Inter-fuel substitution can end the need for gas load shedding during the five months of winter giving relief to the masses and industry,” he said, while speaking to the media.
He said, demand and security concerns are growing about oil which provides 35% of global energy consumption therefore policymakers should consider replacing high cost products like petrol, diesel and LPG with cheaper fuels. He said, gas load shedding has become a routine matter which has crippled the economy. Now plans are afoot to cut supply to CNG sector which he said will hurt millions.
Rejecting the plan to upward revise of CNG prices, Tariq said that the issue of gas load shedding can be tackled properly by importing of two million tonnes of furnace oil for power generation during winter season.
He called upon the government to immediately respond to the energy substitution proposal.
