Minister of State for Petroleum Dr Musadik Malik said the government is evolving an energy policy that would focus on creating energy resources from LPG and solar in order to promote energy conservation.
Speaking at a news conference in Islamabad on Friday, the Minister of State hoped the new policy would end the monopoly of a few oil companies and their exploitation of consumers.
He said the government has decided to obtain oil from Russia at discounted prices.
Musadik Malik said that that Prime Minister has announced to establish a refinery costing between 10 to 14 billion dollars.
Source: Radio Pakistan