Petroleum Sector Circular Debt Rises To Rs1.7 Trillion

petrol

The Petroleum Division told the Public Accounts Committee that the circular debt of the petroleum sector has increased by more than Rs500 billion during one year from Rs1,200 billion to Rs1,700 billion.

While communicating solid disturbance over the non-recuperation of unpaid debts worth Rs 57 billion from oil organization, Director Public Records Board of trustees Noor Alam Khan coordinated the Government Examination Authority (FIA) to capture the proprietors of the oil organization, freeze their properties, sell their homes and make recuperations. Executive PAC likewise coordinated to put the names of the overseers of the oil organizations on the Leave Control Rundown (ECL).

While PAC Director Noor Alam Khan coordinated to present the subtleties of the advantages and honors of the President, Top state leader, Boss Equity High Court, Judges of the High Court, Government Pastors, Parliamentarians and Bureaucratic Secretaries by today (Thursday). The gathering of the Public Records Board was directed by Director Noor Alam Khan in which the review paras connected with Oil Division for the monetary year 2021-21 were analyzed.

During the preparation, the secretary of the Oil Division said last year the roundabout obligation of the oil area was Rs1,200 billion, which has now ascended to Rs1,700 billion rupees. The secretary Oil Division let the panel know that an arrangement has been arranged to dispense with the round obligation by trading the resources and roundabout obligation will be cleared by giving GEPCO and Nandipur Power Plant to PSO. He let the advisory group know that the Service of Money and the Service of Energy are attempting to dispose of the round obligation of the oil area through a resource trade, which will clear the influence plants’ liabilities worth Rs300 billion to Rs400 billion. Furthermore, he said roundabout obligation worth Rs250 billion would be eliminated by expanding the gas tax from January 1.

The PAC gave directions to the gas organizations to quit gathering the expanded gas meter lease from the shoppers. Executive PAC Noor Alam Khan said that the month to month lease of Rs500 per meter is excessively high, it is horrible and it ought to be removed as the weight on poor people has been expanded. The secretary Oil Division said that the gas meter lease has been expanded to Rs500 for high gas utilization clients, yet it is customizable. He said that the meter lease has been expanded from Rs40 to Rs50 each month for those utilizing something like one cubic hectare meter. The secretary said that the gas bills of the clients who have a two-burner oven and one radiator will be decreased.

He additionally addressed why the restriction on new gas associations has not been lifted in spite of bearings from the advisory group. The secretary said that the issue was taken up before the government bureau, which dismissed the synopsis. The Executive PAC said that the PAC ought to send its suggestions to the Top state leader’s Office to lift the prohibition on gas associations. Part Board of trustees Ahmed Khan got some information about the reason for change charges of Rs1,500 to Rs2,000 in gas bills. On the issue of gas tax for the urea plants, the secretary let the panel know that not all urea plants are provided with gas at one tax, as how much gas provided to the plants shifts.

While looking at the review complaints of the Service of Petrol for 2020-21, assessing the issue of recuperation of Rs42 billion rupees from oil organizations, PAC Executive Noor Alam Khan said that petrol organizations claimed public cash. The PAC was additionally educated that FIA had recuperated Rs3.9 billion from these organizations and dealings are on for installment of the excess sum. Communicating his inconvenience over the assortment of just Rs3.9 billion, Director PAC said the PAC had requested for recuperation of the back payments and needed no exchanges. He likewise coordinated the FIA to figure out the name of the chief who haggled with a petrol organization. He coordinated the Government Examination Authority (FIA) to capture the proprietors of the oil organization, freeze their properties, sell them and make recuperations. He additionally coordinated to put the names of the overseers of petrol organizations on the ECL.

The Petrol Division let PAC know that an oil organization had turned into a defaulter of Rs57 billion. “We asked the FIA and all connected organizations for recuperation however that wasn’t possible. Presently assuming that both the offended party and the blamed are haggling to return the unpaid debts, what else is there to do,” the Oil Division authorities said.

In the in the mean time, Administrator PAC Noor Alam Khan coordinated to present the subtleties of the advantages and honors of president, state leader, boss equity High Court, judges of the High Court, government pastors, parliamentarians and bureaucratic secretaries by today (Thursday).

While looking at review para, MD SNGPL let the advisory group know that severe move was made against Badar CNG station at Bhakkar associated with gas robbery worth Rs one billion. “A strike has been directed, and a FIR has likewise been stopped,” he told the council. Administrator PAC said the authorities of the SNGPL associated with robbery ought to likewise be distinguished as it could never have been made conceivable without the intrigue of the SNGPL authorities. The PAC has sent the instance of Badar CNG station Bhakkar gas robbery to FIA for examination.

Related posts