Prime Minister Imran Khan has approved the shift from the ageing Euro-II standard to the much newer Euro-V standard.
During the meeting of the federal cabinet on Tuesday, PM Imran formally approved the decision of upgrading the quality of petrol and diesel in Pakistan from Euro-II to Euro-V.
“If the quality control mechanism is not improved in the next three years, oil refineries will be closed,” he remarked.
Last year, PM Imran Khan had said in a press conference that Pakistan has decided to import better quality fuel by first bringing new technology, importing Euro-IV petrol, and by the end of 2020, shifting to Euro-V.
The PM had said that this move was primarily aimed at protecting the environment which was under the ever-increasing threat of global warming.
Good if prices are kept in check.