Import of Furnace Oil is no more unlawful in Pakistan:

on 03/07/2020

The government has taken a stern step to fulfill the demand for power supply, when it is much needed because or rise in temperature in all over the country. The Cabinet Committee on Energy (CCoE) has allowed importing the furnace which was banned by the same company to give relief to local refineries in January last year. According to this decision, Pakistan State Oil (PSO) will import around 195,000 tonnes of furnace oil, while already having 260,000 tonnesof furnace oil in the country’s reserve, and will be helpful to meet the demand of the country.             Apart from PSO Independent Power Producers (IPPs) are also allowed to import the furnace oil through PSO or other Oil Marketing Companies (OMCs) with approval from the power division. Whereas, the petroleum division is requested to facilitate the import of furnace oil by the IPPs ad OMCs by the power division. On the other hand, the power division is asked to issue NOC to their desired IPPs for arranging HSFO import so there will be no interruption in the supplies of furnace oil.