As a result, major sectors like power, petrochemicals, steel and general trade have recorded a sharp drop in the consumption of furnace oil
as several units have started using cheap diesel as a substitute.
The price of furnace oil
produced by Parco Refinery also surged by Rs 1,701 to Rs 50,902 per tonne.
Attock Refinery Limited, National Refinery Limited and Attock Petroleum have already halted the supply of furnace oil
to government thermal powerhouses because of non-payment of 30 billion rupees.
Steep rise in furnace oil
use is expected from next year when power production by Wapda from Muzaffargarh units gets underway.
Berth occupancy was 65% at the port on Monday where total seven ships namely Northern Endeavour, MSC Texas, Countess, Stolt Courage, White Purl, Brizo and Lighthouse Winmore are currently occupying berths to load/offload containers, soyabeen, chemical, LPG MIX, furnace oil
and edible oil respectively during last 24 hours.
T Lahore occupied berths at PQA to load/ offload containers, cement, rape seeds, soya bean seeds, chemicals, phosphoric acid, palm oil and furnace oil
2 billion per month will be loss from providing furnace oil
at concessionary price to CEB and several private sector power suppliers, as said by CPC says.
This was mostly owing to furnace oil
production reduced by 11 percent to 185,000 tonne.
T Urgent Freesia carrying containers, furnace oil
and phosphoric acid are expected to take berths at QICT, FOTCO and EVTL respectively on Thursday.
Meanwhile five more ships with containers, chemicals, palm oil and Furnace oil
also arrived at the outer anchorage of Port Qasim during the last 24 hours.
At the port, berth occupancy of 35 percent was measured, where presently a total of four ships are occupying berths to load and offload containers, cement, furnace oil
, and edible oil, respectively.
KARACHI, June 16 -- To avoid further burden of the circular debt, the Pakistan State Oil (PSO) has shown its inability to the federal government to supply furnace oil
on natural gas tariff (discount rate) to the Karachi Electric Supply Company (KESC), it was reliably learnt.