BR100 Increased By (0.2%)
BR30 Increased By (0.41%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.23%)
AGHA 7.75 Decreased By ▼ -0.17 (-2.15%)
BECO 5.19 Decreased By ▼ -0.01 (-0.19%)
BML 58.66 Decreased By ▼ -0.59 (-1%)
BOP 33.69 Increased By ▲ 0.01 (0.03%)
CNERGY 10.61 Increased By ▲ 0.80 (8.15%)
CSIL 5.30 Decreased By ▼ -0.12 (-2.21%)
FCCL 53.74 Increased By ▲ 0.22 (0.41%)
FFL 16.46 Decreased By ▼ -0.22 (-1.32%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 7.28 Decreased By ▼ -0.07 (-0.95%)
KOSM 5.64 Increased By ▲ 0.03 (0.53%)
LOTCHEM 29.65 Increased By ▲ 0.54 (1.86%)
MLCF 96.36 Increased By ▲ 0.86 (0.9%)
NBP 203.53 Decreased By ▼ -0.82 (-0.4%)
NCPL 56.85 Decreased By ▼ -1.39 (-2.39%)
NPL 67.31 Decreased By ▼ -0.48 (-0.71%)
OGDC 318.22 Increased By ▲ 0.28 (0.09%)
PACE 10.63 Decreased By ▼ -0.08 (-0.75%)
PAEL 41.77 Decreased By ▼ -0.06 (-0.14%)
PIBTL 16.81 Increased By ▲ 0.31 (1.88%)
PPL 220.17 Increased By ▲ 0.43 (0.2%)
PRL 49.05 Increased By ▲ 4.46 (10%)
PTC 70.01 Decreased By ▼ -0.76 (-1.07%)
SSGC 29.14 Increased By ▲ 0.21 (0.73%)
TBL 9.77 Decreased By ▼ -0.07 (-0.71%)
TELE 8.82 Increased By ▲ 0.06 (0.68%)
TPL 17.17 Increased By ▲ 0.72 (4.38%)
TPLP 12.51 Increased By ▲ 0.41 (3.39%)
TREET 22.59 Decreased By ▼ -0.21 (-0.92%)
TRG 60.22 Increased By ▲ 0.19 (0.32%)

The Oil and Gas Regulatory Authority (OGRA) on Tuesday “strongly rebutted” speculations over the shortage of petroleum products in Pakistan.

“OGRA strongly rebuts the speculations on petrol/diesel shortages,” said OGRA spokesperson Imran Ghaznavi.

“The country has sufficient petrol and diesel stocks for meeting demand for 18 and 37 days, respectively.

“Furthermore, ships carrying 101,000MT of petrol is at berth/outer anchorage,” he said, adding that the local refineries are playing their role in meeting demand of petroleum products.

The statement comes after a breakdown triggered the worst outage in months on Monday amid speculation that Pakistan was running out of fuel to run its energy plants.

The outage, which began on Monday morning during the peak winter season, is the second major grid failure to hit the nation since October. Many people also have no running water due to a lack of power for the pumps.

Pakistan begins restoring power

The outage also hit internet and mobile phone services. Several companies and hospitals said they had switched to back-up generators, but disruptions continued across the board.

Analysts and officials blame the power problems on an ageing electricity network, which like much of the national infrastructure, desperately needs an upgrade the government says it can ill afford.

However, Federal Minister for Power Khurram Dastgir while addressing a press conference on Tuesday said that authorities restored its national power grid after 24 hours.

Addressing rumours, the federal minister shared that power stations have ample amount of fuel available. “We have diesel and furnace oil available. There is no fuel shortage in the country,” he said.

Dastgir said the prime minister has set up a three-member inquiry team, which will be chaired by Minister for Petroleum Musadik Malik alongside senior officials to investigate the outage.

Comments

Comments are closed for this article.