KARACHI: Pakistan’s oil industry is in a fix believing a spanner has been thrown in the works regarding critical agreements for local investment, holding off the direly needed upgrade of the.
KARACHI: Local refineries are reluctant to import the Russian crude oil as the global prices offurnace oil, a by-product of the Russian oil, have plunged, industry sources told The News on.
There is a short supply of petrol in the country with Punjab province bearing the brunt of the crisis. Major and smaller cities, towns and villages in the province do not have the major fuel, The News reported.The
Pakistan is witnessing a petrol crisis as only four major oil marketing companies (OMCs), out of 50, hold 90 per cent of the petrol stock, while the rest are not importing the fuel fearing exchange losses.There is a short supply of petrol in .
Pakistan's refineries have warned of a looming petrol crisis by mid-February if the government fails to resolve the payments issues of imported raw materials and additives needed by the sector, media reports said on Friday.The delay in payments .