Shell launches V-Power fuel

Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi has said that Pakistan's oil production has increased to over 0.1 million barrel per day (bpd) for the first time in the country's history while the state owned Oil and Gas Development Company (OGDC) is producing over 50,000bpd.
"We are meeting our 20 percent consumption need through locally produced oil products and 80 percent petroleum products are being imported from different countries", the minister said this while talking to reporters at launching ceremony of Shell V-Power, here on Thursday.
Shell unveiled its new global fuel offering Shell V-Power in Pakistan at a ceremony which was attended by Petroleum Minister Shahid Khaqan Abbasi and Minister of State for Petroleum Jam Kamal Khan. Shell V-Power Unleaded is an innovative new premium formulation designed to protect against gunk and corrosion. Shell has over 100 years of experience in developing fuels with over 100 fuels scientists and specialists across the globe working on fuels innovation, development and product implementation.
The minister said that prices of different petroleum products are lowest in Pakistan as compared with the other oil importing countries. The government has increased only Rs 2 per liter of petrol against the proposal of Rs 4 per liter as the government didn't want to shift more burden to the general public, he added.
Jawwad Cheema, Managing Director, Shell Pakistan said with the de-regulation of the fuels market, this gives Shell an opportunity to serve the Pakistani customers with world class offering like Shell V-Power. With this launch, Shell has once again revolutionised the local fuels market as it did with the first Shell new format site in 1994. "We are very excited to be able to offer the superior fuels technology innovation within our portfolio now to Pakistani customers", he said.
"In Shell, customers are at the heart of everything that we do and Shell V-Power is a premium fuel for every car as it cleans the older engines and maintains the new ones with equal effectiveness," he added. He invited all vehicle owners to experience the product and feel the difference for themselves. "We are grateful to the government for the decision to improve main grade offering and deregulating the premium segment which is clear testimony of its commitment to improving the customer value proposition and bringing the Pakistani fuel market at par with international market," he said.