SINGAPORE: Pakistan State Oil (PSO) is seeking up to 1.215 million tonnes of fuel oil ahead of summer, 75 per cent higher in monthly volumes than its previous tender, documents showed on Tuesday.
PSO is seeking a total of fifteen 65,000-tonne cargoes of high sulphur fuel oil and four 60,000-tonne parcels of the low sulphur grade for delivery into Karachi between second-half April and June.
This would translate into monthly imports of 486,000 tonnes, about 75pc higher than its last round of tender for 830,000 tonnes of fuel over March to May.
Published in Dawn, March 11th, 2015
On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play
Read more
On DawnNews
Comments (4) Closed
KeyPoints
Mar 11, 2015 02:25pm
Everyone wants more MONEY. Rich share holders get richer while general public suffer. While oil prices are down on the world market, why these fellows want to stick it to the consumer. Don't let them jack up any prices at all. Force them either to lower the prices, or keep the prices down.
Recommend
0
GEM
Mar 11, 2015 04:40pm
What about the CIRCULAR DEBT FRO THE POWER COMPANIES...??
what is the outstanding payments from Nawaz brothers to power companies,,,,,?????
Recommend
0
Cyrus Ho
Mar 11, 2015 11:19pm
This could not have been done in a week. Without the new PM it might not have been done at all. Credit where credit is due.
Prices are set by the government ministers with advice and consent.
Everybody wants a deal, but we cry if the petrol tanks are empty. It is not so easy to transport oil and gas to Pakistan. There are costs. Prices are reset at the petrol station pumps. Supply and demand! What stations can charge must be set by governments. That is the weak link, where regulators can be bribed.
If petrol prices are too high then go to a station where petrol is cheaper. It isn't cheaper anywhere else? Those are the market forces of Supply and Demand.
Recommend
0
msadiq
Mar 12, 2015 07:38am
Wasn't it Dawn a few days back scaring us all of companies not buying enough and a looming oil crisis ! Everybody is expert of everything in Pakistan these days !
Recommend
0
Read All Comments