ISLAMABAD: The government has decided to get the benefit of decreasing the pricing of oil as for the first time a summary of oil purchase for advance two years has been prepared.
Sources said that the summary suggested a purchase of 1. 5 caroor barrel oil yearly for which the petroleum division send it summary to ECC.
The summary reads that prices of oil for the advance agreements will be higher than the existing price if production drops the oil prices could be skyrocketed but brokering advance agreements can help to save the country foreign reserve.
