BAFL 38.89 Increased By ▲ 1.27 (3.38%)
BIPL 17.59 Decreased By ▼ -0.21 (-1.18%)
BOP 4.00 Increased By ▲ 0.05 (1.27%)
CNERGY 3.25 Decreased By ▼ -0.02 (-0.61%)
DFML 16.22 Decreased By ▼ -0.03 (-0.18%)
DGKC 44.02 Increased By ▲ 0.32 (0.73%)
FABL 23.23 Increased By ▲ 0.35 (1.53%)
FCCL 11.21 Decreased By ▼ -0.01 (-0.09%)
FFL 6.60 Increased By ▲ 0.10 (1.54%)
GGL 9.37 No Change ▼ 0.00 (0%)
HBL 95.13 Increased By ▲ 5.08 (5.64%)
HUBC 89.55 Increased By ▲ 0.69 (0.78%)
HUMNL 5.51 Decreased By ▼ -0.09 (-1.61%)
KEL 1.97 Increased By ▲ 0.02 (1.03%)
LOTCHEM 28.17 Increased By ▲ 0.07 (0.25%)
MLCF 30.26 Increased By ▲ 0.31 (1.04%)
OGDC 98.07 Decreased By ▼ -0.18 (-0.18%)
PAEL 10.04 Increased By ▲ 0.10 (1.01%)
PIBTL 3.75 No Change ▼ 0.00 (0%)
PIOC 84.62 Decreased By ▼ -0.03 (-0.04%)
PPL 74.51 Decreased By ▼ -0.55 (-0.73%)
PRL 15.89 Increased By ▲ 0.35 (2.25%)
SILK 0.99 Increased By ▲ 0.02 (2.06%)
SNGP 46.48 Decreased By ▼ -0.71 (-1.5%)
SSGC 9.17 Decreased By ▼ -0.20 (-2.13%)
TELE 6.89 Increased By ▲ 0.02 (0.29%)
TPLP 12.29 Increased By ▲ 0.01 (0.08%)
TRG 88.39 Increased By ▲ 0.28 (0.32%)
UNITY 24.88 Decreased By ▼ -0.32 (-1.27%)
WTL 1.39 Increased By ▲ 0.14 (11.2%)
BR100 4,734 Increased By 44 (0.94%)
BR30 16,848 Increased By 164.2 (0.98%)
KSE100 47,080 Increased By 323 (0.69%)
KSE30 16,345 Increased By 143.1 (0.88%)

DUBAI: Iran’s Revolutionary Guards said on Friday they had seized two vessels along the country’s coast on the Gulf and the nearby Gulf of Oman for allegedly smuggling fuel.

Iran, which has some of the world’s cheapest fuel prices due to heavy subsidies and the fall of its currency, has been fighting rampant fuel smuggling by land to neighbouring states and by sea to Gulf Arab countries. It has frequently seized boats it says are being used for smuggling oil in the Gulf.

Revolutionary Guards naval units seized 250,000 litres of fuel smuggled on one of the ships and 130,000 litres on the other vessel, bringing the total of confiscated fuel in the past week to 650,000 litres, according to a statement posted on the Guards’ official website.

The first ship’s seven crew members have been detained, a Guards official told state TV earlier, adding that they included Iranians and foreigners, without giving further details.

Last week the Guards seized a foreign vessel carrying 220,000 litres of smuggled fuel in the Gulf and detained its crew of 11, Iranian media reported.

Comments

Comments are closed.