Pakistan’s Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Thursday chaired a high-level meeting to review a proposal for blending ethanol with locally produced petrol by domestic refineries.
The Chairman, Oil and Gas Regulatory Authority (OGRA), made a presentation on the proposal. After detailed deliberations, the committee recommended that, as ethanol prices are currently higher than petrol prices, a policy of voluntary blending should be allowed, subject to financial viability for refineries and ethanol manufacturers.
OGRA was directed to conduct a quarterly review comparing the financial outcomes of ethanol exports with its use in domestic petrol blending. The regulator will submit its findings through the Petroleum Division for consideration by the Prime Minister’s Office (PMO).
The meeting was attended by Special Assistant to the Prime Minister Tariq Bajwa, secretaries of Petroleum and Industries & Production, Chairman OGRA, and representatives of the Pakistan Ethanol Manufacturers Association and the Pakistan Automotive Manufacturers Association.
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