Threat of severe Power crisis in the country

News Image

MG News | June 13, 2017 at 08:14 PM GMT+05:00

0:00

There is a threat of severe Power crisis in the country. Reason is dangerously low stock of furnace oil as PSO has only two days stocks of Furnace Oil. K- Electric has only two days stocks of furnace oil while other major power plants across the country have 04 to 07 days stocks of Furnace Oil. Due to peak summer, consumption of Furnace oil is very high and to meet the demand furnace oil product has been arranged back-to-back At the moment, two Furnace Oil vessels carrying 140,000 M.Tons product are awaiting for berth.
One of these vessel is waiting since one week to berth Two more Furnace Oil vessels of carrying 140,000 M.Tons product are reaching in next two days
Berthing of these 04 cargoes will avert potential power crisis brewing in the country Reason behind this crisis situation is that OCAC is giving preference to private companies vessels in berthing
their vessels that carry commercial fuel products And OCAC is not giving priority berthing to Furnace Oil cargoes

Related News

Name Price/Vol %Chg/NChg
KSE100 158,443.42
686.33M
-2.85%
-4654.77
ALLSHR 96,486.01
1,361.32M
-2.81%
-2790.24
KSE30 48,740.26
296.81M
-2.88%
-1444.29
KMI30 230,110.46
188.70M
-3.45%
-8223.06
KMIALLSHR 63,648.04
732.81M
-3.26%
-2144.50
BKTi 44,558.02
124.99M
-2.40%
-1095.50
OGTi 30,903.39
28.23M
-4.36%
-1409.86
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 114,910.00 116,500.00
114,110.00
-2080.00
-1.78%
BRENT CRUDE 63.29 63.95
62.90
0.56
0.89%
RICHARDS BAY COAL MONTHLY 81.00 0.00
0.00
-0.60
-0.74%
ROTTERDAM COAL MONTHLY 89.30 89.30
89.15
-0.35
-0.39%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 59.46 60.17
59.00
0.56
0.95%
SUGAR #11 WORLD 15.63 16.21
15.53
-0.47
-2.92%

Chart of the Day


Latest News
October 13, 2025 at 04:05 PM GMT+05:00

PSX Closing Bell: Meltdown Mode


October 13, 2025 at 03:40 PM GMT+05:00

Justice (R) Junaid Ghaffar named CAT Chairman


October 13, 2025 at 03:35 PM GMT+05:00

Thatta Cement concludes Rs5.5bn sukuk transaction


October 13, 2025 at 03:34 PM GMT+05:00

PKR remains flat, closes at 281.16 against USD


October 13, 2025 at 02:37 PM GMT+05:00

Trump calls himself ‘Good' at solving wars



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg