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PAKISTAN STATE OIL, SHELL REDUCE FURNACE OIL PRICE.
KARACHI, Dec 3 Asia Pulse - Pakistan State Oil (PSO) and Shell Pakistan Ltd. have drastically reduced the prices of furnace oil by Rs712 (US$11.71) and Rs707.25 per tonne respectively effective from December 1.
The country's largest oil marketing company, PSO, in a statement here on Friday announced huge reduction in the selling price of its products High Sulphur Furnace Oil (HSFO) and Low Sulphur Furnace Oil (LSFO) being supplied ex Zulfiqarabad Oil Terminal and Keamari Terminal Karachi, with effect from December 1, 2001.
The prices of high sulphur fuel oil (HSFO) and Low Sulphur Fuel Oil (LSFO) have been reduced by Rs712 and Rs666 per tonne respectively.
The selling price of HSFO will now be Rs9,057 per tonne, down Rs712 per tonne or 7.3 per cent as compared to its previous price of Rs9,769.
Similarly, selling price of LSFO has been reduced to Rs10,703 per tonne from Rs11,369 per tonne, which is lower by Rs666 per tonne or 5.9 per cent.
The reductions in prices were triggered by fall in fuel oil prices in the Arabian Gulf from where this product is being procured and due to downward revision in rupee/dollar parity.
It is the fourth consecutive huge reduction in ...
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...Resources has directed Pakistan State Oil (PSO) to import additional 200,000 tons furnace oil to meet Wapda's and...import of additional furnace oil was given at a meeting held on Monday to review furnace oil stocks and thermal units...
- ECC to empower Ogra to monitor furnace oil pricing.
- Magazine article from: Business Recorder December 30, 2008 700+ words
...guidelines for monitoring the furnace oil pricing have been proposed...weighted average import price of furnace oil imported by Pakistan State Oil (PSO) for each grade...for ex-refinery price of furnace oil produced by local refineries...
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- Magazine article from: Business Recorder January 7, 2009 700+ words
...not in favour of regulating furnace oil prices and proposed that this...weighted average import price of furnace oil imported by Pakistan State Oil (PSO) for 180/125...for ex-refinery price of Furnace Oil produced by local refineries...
- PSMA flays increase in furnace oil prices.
- News wire article from: Asia Africa Intelligence Wire September 19, 2002 700+ words
...Pakistan Sugar Mills Association (PSMA) has criticised an increase in furnace oil prices by Pakistan State Oil and Shell Pakistan Limited who have increased the furnace oil rates by Rs 726 and Rs 690 per ton respectively. According to the PSMA...
- Proposal for empowering Ogra to determine furnace oil prices deferred.
- Magazine article from: Business Recorder November 25, 2008 700+ words
...Authority (Ogra) to determine furnace oil prices when the prices had...market. The higher price of furnace oil had impacted the power purchase...IPPs) and fuel supplier Pakistan State Oil (PSO). As furnace oil price rose in the country...
- Future demand of furnace oil.
- Magazine article from: Economic Review February 1, 1990 700+ words
...Bin Qasim for supply of furnace oil. The road capacity to...for handling of imported furnace oil for KESC's Bin Qasim...Port and Bin Qasim and Pakistan State Oil have been ordered to despatch furnace oil mainly in large capacity...
Source: HighBeam Research, PAKISTAN STATE OIL, SHELL REDUCE FURNACE OIL PRICE.