OGRA strongly rebut the speculations on Petrol/diesel shortages. The country has sufficient petrol and Diesel stocks for meeting demand for 18 and 37 days respectively. Furthermore, ships carrying 101,000MT petrol is at berth/outer anchorage. The local refineries are playing their due role in meeting demand of petroleum products. Spokesman OGRA Imran Ghaznavi
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Hospitals, schools, factories and tens of millions of homes across Pakistan were left without power Monday after the country’s electricity grid suffered a nationwide outage. The huge blackout, right as parts of the country struggle through a harsh winter, was blamed by the country’s federal energy minister Khurram Dastgir-Khan on a surge that knocked out the network. In a bid to conserve Pakistan’s rapidly-dwindling fuel supplies, electricity is often cut off during low usage hours overnight, especially in the winter when demand is highest. Dastgir-Khan told the Geo News network…
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Turkey on Saturday called off a visit by Sweden’s defence minister over a planned demonstration by right-wing activists in Stockholm. Turkey has been angered by permission obtained by Rasmus Paludan, a Swedish-Danish politician whose anti-Islam actions sparked riots across Sweden last year, to stage a protest in front of its embassy in the Swedish capital. A day after summoning the Swedish ambassador over the issue, Ankara said it was cancelling a visit by Sweden’s defence chief that was aimed at overcoming Turkey’s objections to Sweden’s bid to join the NATO…
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The Petroleum Division has warned the central bank that the stocks of petroleum products may dry up as banks are refusing to open and confirm Letters of Credit (LCs) for imports. Like other sectors, the oil industry in Pakistan is facing hurdles to opening LCs owing to the US dollar shortage and restrictions put in place by the State Bank of Pakistan (SBP). An oil cargo of Pakistan State Oil (PSO) has already been cancelled while LC for another cargo, scheduled for loading on January 23, has not yet been…
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Responding to the rising panic in the oil industry and amongst consumers, the federal government Friday ruled out any possibility of a fuel crisis in Pakistan, stating that the oil reserves required by the country were well in stock. The ministry of petroleum, in a statement, strongly denied the fears of petroleum shortage in the country. The statement termed the claims of oil shortage that had been circulating on social media as “rumours”. The ministry made it clear that it had the required oil reserves already in stock and that…
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