The PM’s aide says the government was not in position to buy gas cargoes in time as now the purchasing time was over.
He expressed these views during an interview to a private news channel.
Tarin said that Pakistan's petroleum and gas imports reaching astonishing $20bn per year as compared to the previous year price of $12bn, adding that Pakistan was paying now $8-9bn more for petroleum and gas imports annually.
He said that market pundits, however, were of the view that gas and petroleum products’ prices would come down by the end of this year or in the beginning of the next year when Coronavirus pandemic started to decline in intensity.
Tarin was of the view that Pakistani companies were supplying gas to the consumers. He also pointed out that a couple of gas discoveries were made in Lakki Marwat but money was required for extraction process.