ISLAMABAD - Amid countrywide worsening power outages coupled with cash starvation like situation at the government’s end, hours long loadshedding to continue in near future as Pakistan State Oil (PSO) has so far not received the required money to import furnace oil for power generation ...

LAHORE - Oil sale has posted a strong growth of 10 per cent annually during previous month to 1.6 million tons while Furnace Oil and HSD recorded massive growth in imports, showing an increase of 101 per cent and 42 per cent monthly respectively. High growth of oil sale was mainly on account of ...

ISLAMABAD (APP) - Pakistan State Oil (PSO) has reduced furnace oil prices by Rs1,030 per ton, down 2.2 per cent to reach Rs46,226. Earlier, some two weeks ago, furnace oil prices were slashed by around Rs3,000. Talking to a private news channel, Pakistan State Oil official said the reduction in ...

KARACHI - Pakistan State Oil on Tuesday reduced furnace oil price by Rs 1023 per ton to Rs 44,680 as compare to the local refineries selling Rs 45,470 per ton. According to the spokesperson of PSO Mariam Shah, the decline in price was done due to the international trend of demand and supply that ...

KARACHI - In the backdrop of the establishment of fast track rental power plants, the demand for furnace oil is likely to surge to 12 million tons in financial year 2013 from the existing 8 million tons (in 2009). According to a report, gas has been the most consumed fuel for power generation in ...

KARACHI - The KESC continues to save its revenue by avoiding oil purchase for electricity generation, The Nation learnt from its sources. The company has a wretched financial condition which has barred it from having financial burden anymore. The company has dropped its power generation capacity ...

KARACHI - The KESC has released 4000 Metric Tons (MT) for the power generation at Bin Qasim power plant. This supply of furnace oil is for one day use," The Nation learnt from its sources. It is worth-mentioning that this change has taken place after the federal government has intervened into this ...

LAHORE - With ongoing water shortage in the country and less availability of gas this winter, furnace oil demand in the country is likely to shoot up in the upcoming months. However, no major growth in industrial production is likely in FY09, Analysts said that subsidy on diesel has been ...