Pakistan News

    Furnace Oil Prices In Pakistan 2012

  • LNG-fuelled power costlier than furnace oil: IPR

    LAHORE: Electricity produced from LNG will add to problems of the power sector, as cost of such electricity will be higher than that produced by furnace oil, maintains a Fact Sheet issued by the Institute for Policy Reforms here on Monday...

    However, based on the estimated price paid for recent import of 147,000 cubic feet, cost of power from LNG would be higher than that produced from furnace oil...

  • Govt may ban import of furnace oil

    ISLAMABAD: Amid grim supply challenges following topped up storages, the government is likely to impose an immediate ban on import of furnace oil and ask some of the oil-based power plants to lift some stocks for easing pressure on refineries...

    This comes at a time the country’s largest refinery – Byco Refinery – was compelled to closed down its major refining plant of 120,000 tonnes capacity and all other refineries running at...

  • Government increases GST on furnace oil

    ISLAMABAD: The federal government announced on Thursday an increase in General Sales Tax (GST) applied on furnace oil, for the current month’s revision of fuel prices...

    All other fuel and lubricant prices will remain unchanged...

  • Power plants to start lifting of furnace oil

    ISLAMABAD: Amid continuing challenges at the second Liquefied Natural Gas (LNG) terminal, the government has decided in principle to ensure simultaneous lifting of domestic and imported furnace oil for power plants to ease jet fuel challenges...

    A broad understanding to this was reached on Monday after a series of meetings among the stakeholders – power and petroleum divisions and the oil industry – and is subject to approval by Prime...

  • Furnace oil imports resumed

    ISLAMABAD: After a three-month moratorium, the government has ordered the state-run Pakistan State Oil (PSO) to arrange import of 180,000 tonnes of furnace oil for the power sector...

    The PSO has been asked to order three shipments of furnace oil, each containing 60,000 -65,000 tonnes, to meet fuel requirements of power plants, particularly in Karachi...

  • Lifting of furnace oil from refineries ordered

    ISLAMABAD: Expressing dissatisfaction over the electricity generation planning and its fuel mix, the Cabinet Committee on Energy (CCoE) on Wednesday ordered immediate lifting of furnace oil from refineries and a 6-month plan envisaging all fuel requirements within a fortnight...

    Informed sources told Dawn that the Power Division made a presentation on overall power generation capacity, its dependence on various fuels including furnace...

  • K-Electric facing furnace oil shortfall

    The power utility said it is facing challenges on account of furnace oil shortfall, which is compromising the generation capability at its furnace-oil fired 1,250MW Bin Qasim Station...

    “K-Electric’s daily furnace oil requirement is close to 4,500 tonnes per day, while at present we are receiving only around 1,500 tonnes daily...

  • Furnace oil supplies being beefed up to ease energy woes

    ISLAMABAD: The petroleum division on Tuesday said it is beefing up supply of furnace oil through enhanced capacity utilisation of local refineries and arranging import of about 250,000 tonnes of oil to meet energy shortfalls next month...

    The power generation demand during the dry docking will also be catered throu­­gh furnace oil and high speed diesel...

  • PPL reverts to 2012 oil policy

    ON November 5, Pakistan Petroleum Limited surprised the market by announcing that it had opted to convert to the Exploration and Production Policy 2012 for concessions operated by it as well as for those concessions where it is a joint venture partner with other operators...

    In a filing with the stock exchange, PPL explained that “the effect of the conversion would be that in the event of a new discovery in any new exploratory effort...

  • 1 dead, 14 workers injured in furnace unit explosion at steel mill in Haripur

    One worker of a private steel mill was killed while 14 others received burns on Wednesday due to an explosion in the factory's furnace unit in Khyber Pukhtunkhwa's Haripur district...

    According to DawnNews sources at the mill said that a large piece of rope fell into the steel melting pot in furnace unit and caused the chemical to splash, resulting in the initial burns to the victims...

  • Chinese engineer accused of pushing worker into furnace

    FAISALABAD: Sahianwala police took a Chinese engineer into custody on charges of pushing a worker into a furnace following a row at a factory in industrial area here on Wednesday...

    They alleged that following exchange of words, the Chinese engineer deliberately pushed a worker, Shehroz, into a three-foot deep furnace...

  • Pakistan returns Indian arrested in 2012

    Lahore: Pakistan authorities returned an Indian prisoner to authorities of India’s Border Security Force (BSF) at the Wagah border crossing on Monday...

    According to an official, Ghulam Qadir had crossed the Line of Control in Kashmir and entered the Pakistan territory illegally in 2012...

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