Ban on furnace oil lifted

Islamabad – (News Alert) Federal Cabinet Committee on Energy has lifted the ban on import of furnace oil in an effort to meet the demand of power plants as electricity consumption grows with a gradual increase in temperature.

However, the cabinet body, which met on Thursday, allowed only one-time import of furnace oil for replenishing oil reserves of power plants. Officials pointed out that Pakistan LNG Limited (PLL) and Pakistan State Oil (PSO) were importing over 1 billion cubic feet of liquefied natural gas per day (bcfd), of which zero-rated export-focused industries were being supplied 200 million cubic feet per day (mmcfd).

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