Govt working on policy to reform petroleum sector: Nadeem

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Staff Reporter

Islamabad

Special Assistant to the Prime Minister on Petroleum Nadeem Babar has said that the government is working on long term policy to bring reforms in petroleum sector. Talking to PTV he said that reduced regulatory role of the government in oil companies is the main feature of the policy which aims to create a competitive environment and provide incentives to consumers. To a question, he said that the new policy would replace the decades old regulations and revamping of oil marketing companies is also under consideration.