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Govt reopens petroleum imports after one month

Govt reopens petroleum imports after one month

ISLAMABAD: Government has decided to reopen import of petroleum products as demand beings to rise due to relaxation in coronavirus lockdown.

According to details, lockdown imposed by government to curb spread of coronavirus significantly reduced use of petroleum products; however, demand of petrol and diesel has started to increase as government relaxes lockdown.

According to notification issued by authorities, marketing companies are now allowed to import petrol and diesel and refineries can import crude oil.

It is pertinent to mention here that in last month the government imposed restrictions on the import of petrol and crude oil starting and directed all oil marketing companies (OMCs) to lift petroleum products from local refineries.