Pak-Govt. places an immediate ban on furnace oil imports
By MG News | January 08, 2019 at 02:02 PM GMT+05:00
January 8, 2019 (MLN): The government of Pakistan has issued an official notification to freeze the import of furnace oil, informed a spokesperson of the Petroleum Division.
Moreover, the authorities have asked refineries to improve the output and quality of petroleum products, and to minimize production of furnace oil.
As per the notification, refineries should sign agreements with power companies to store furnace oil and to enhance the storage capacity. “All refineries should use earnings from deemed duty,” adds the speaker for Petroleum Division.
However, it has been announced that the furnace oil import ban would not be applicable on K-electric.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 129,593.37 67.42M |
1.09% 1393.94 |
ALLSHR | 80,630.48 207.93M |
1.06% 842.85 |
KSE30 | 39,591.12 25.12M |
1.24% 486.12 |
KMI30 | 188,748.03 24.05M |
0.98% 1832.42 |
KMIALLSHR | 54,646.03 92.42M |
0.82% 444.15 |
BKTi | 34,239.82 12.71M |
2.28% 763.14 |
OGTi | 28,137.10 1.92M |
0.62% 174.51 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 106,620.00 | 106,635.00 105,440.00 |
870.00 0.82% |
BRENT CRUDE | 67.17 | 67.29 67.05 |
0.06 0.09% |
RICHARDS BAY COAL MONTHLY | 97.50 | 97.50 97.50 |
0.70 0.72% |
ROTTERDAM COAL MONTHLY | 103.80 | 103.80 103.80 |
-3.45 -3.22% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 65.49 | 65.65 65.34 |
0.04 0.06% |
SUGAR #11 WORLD | 15.70 | 16.21 15.55 |
-0.50 -3.09% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|