Country needs quick fix to avert winter gas crisis

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OGRA gas prices

International power politics, Russia’s Ukraine attack and after effects of Corona pandemic have landed many countries in an arena of energy shortage with countries booking their quota for winter season in advance.

Both the developed and the developing countries are in a struggle to steer out from this crisis with recent months hike in petroleum and gas exerting extra pressure on economies and people across the globe. Pakistan is no exception to the global energy crisis which is worsening with each passing day and there is dire need for a quick fix to the problem in view of previous government’s failure in materializing contracts with international gas suppliers at an appropriate time and affordable prices.

The country largely depends on imported gas as its own natural reserves are depleting at the rate of 10 per cent annually.—APP

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