AIRLINK 204.00 Decreased By ▼ -0.45 (-0.22%)
BOP 9.99 Decreased By ▼ -0.10 (-0.99%)
CNERGY 7.00 Increased By ▲ 0.09 (1.3%)
FCCL 35.57 Increased By ▲ 0.74 (2.12%)
FFL 17.35 Increased By ▲ 0.14 (0.81%)
FLYNG 24.35 Decreased By ▼ -0.17 (-0.69%)
HUBC 139.21 Increased By ▲ 1.81 (1.32%)
HUMNL 14.01 Increased By ▲ 0.19 (1.37%)
KEL 4.90 Decreased By ▼ -0.01 (-0.2%)
KOSM 6.72 Increased By ▲ 0.02 (0.3%)
MLCF 46.11 Increased By ▲ 1.80 (4.06%)
OGDC 224.24 Increased By ▲ 2.33 (1.05%)
PACE 7.16 Increased By ▲ 0.07 (0.99%)
PAEL 44.20 Increased By ▲ 1.23 (2.86%)
PIAHCLA 17.15 Increased By ▲ 0.07 (0.41%)
PIBTL 8.71 Increased By ▲ 0.12 (1.4%)
POWER 9.13 Increased By ▲ 0.11 (1.22%)
PPL 191.00 Increased By ▲ 0.40 (0.21%)
PRL 43.71 Increased By ▲ 0.67 (1.56%)
PTC 25.63 Increased By ▲ 0.59 (2.36%)
SEARL 111.80 Increased By ▲ 5.39 (5.07%)
SILK 1.03 Increased By ▲ 0.01 (0.98%)
SSGC 42.80 Decreased By ▼ -0.11 (-0.26%)
SYM 18.80 Increased By ▲ 0.49 (2.68%)
TELE 9.22 Increased By ▲ 0.08 (0.88%)
TPLP 14.04 Increased By ▲ 0.93 (7.09%)
TRG 68.75 Increased By ▲ 0.62 (0.91%)
WAVESAPP 10.37 Increased By ▲ 0.13 (1.27%)
WTL 1.90 Increased By ▲ 0.03 (1.6%)
YOUW 4.05 Decreased By ▼ -0.04 (-0.98%)
BR100 12,277 Increased By 139.8 (1.15%)
BR30 37,637 Increased By 491.4 (1.32%)
KSE100 116,258 Increased By 986.1 (0.86%)
KSE30 36,620 Increased By 309 (0.85%)

The government has decided to impose nominal levy on Ethanol fuel, a by-product of molasses, to promote alternative energy sources. This was stated by Naveed Qamar, the federal minister for privatisation, petroleum and natural resources, at the launching ceremony of 'E10 petrol' at a Pakistan State Oil (PSO) outlet, here on Saturday.
He lauded the efforts made by PSO in this regard, saying that E-10 petrol would provide cheaper fuel to motorists besides playing vital role in minimising environmental hazards. To a question, he said the government had directed the Oil and Gas Regulatory Authority (OGRA) to expedite the process of formulating its rates to facilitate motorists.
The federal minister stressed the need for promoting alternative energy sources for sustainable economic growth, saying the economy could not bear more shocks pertaining to international energy crisis. Earlier, PSO managing director, Irfan Qureshi, said the E10 would create healthy impact on imports bills as the country could save some $100 million to $150 million in this connection.
He said presently the difference between petrol and E10 was Rs 2.40, which could be stretched to Rs 6, if sugar millers, who earned around 27 per cent profit from this substance, slashed their returns, suitably. The introduction of Ethanol blended fuel will prove a landmark for energy security of the country, cleaner environment and welfare of the people.
With the introduction of E-10 gasoline, Pakistan has joined those few nations who sell blended fuel and save precious foreign exchange for economic prosperity of their countries. Ethanol is not only a cheaper fuel for motorists but would also enhance performance of the engine through lead removal as it contains high octane rating for better fuel economy. Ethanol also reduces green house gas emissions from transportation sources.
The research has determined that ethanol presents less pollution risk to drinking water. It would also benefit farmers, who would feel attracted to grow more sugarcane and get adequate compensation. The other countries in the world where ethanol is already being used as fuel are USA, Denmark, Sweden, Brazil, and India.

Copyright Business Recorder, 2009

Comments

Comments are closed.