AIRLINK 73.30 Increased By ▲ 0.50 (0.69%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.39 Increased By ▲ 0.06 (1.39%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 89.85 Increased By ▲ 3.90 (4.54%)
FCCL 22.83 Increased By ▲ 0.48 (2.15%)
FFBL 33.75 Increased By ▲ 0.53 (1.6%)
FFL 9.95 Increased By ▲ 0.17 (1.74%)
GGL 10.39 Decreased By ▼ -0.01 (-0.1%)
HBL 112.70 Decreased By ▼ -0.92 (-0.81%)
HUBC 136.06 Decreased By ▼ -0.14 (-0.1%)
HUMNL 9.79 Decreased By ▼ -0.24 (-2.39%)
KEL 4.74 Increased By ▲ 0.08 (1.72%)
KOSM 4.75 Increased By ▲ 0.35 (7.95%)
MLCF 39.50 Increased By ▲ 1.15 (3%)
OGDC 134.65 Increased By ▲ 1.25 (0.94%)
PAEL 28.97 Increased By ▲ 1.57 (5.73%)
PIAA 24.80 Increased By ▲ 0.04 (0.16%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.90 Increased By ▲ 1.69 (1.39%)
PRL 27.45 Increased By ▲ 0.30 (1.1%)
PTC 14.56 Increased By ▲ 0.67 (4.82%)
SEARL 61.00 Increased By ▲ 0.60 (0.99%)
SNGP 70.30 Increased By ▲ 1.77 (2.58%)
SSGC 10.44 Increased By ▲ 0.11 (1.06%)
TELE 8.89 Decreased By ▼ -0.16 (-1.77%)
TPLP 11.49 Increased By ▲ 0.23 (2.04%)
TRG 66.40 Increased By ▲ 0.70 (1.07%)
UNITY 25.25 No Change ▼ 0.00 (0%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,686 Increased By 52.4 (0.69%)
BR30 25,506 Increased By 334.1 (1.33%)
KSE100 73,148 Increased By 490.4 (0.67%)
KSE30 23,458 Increased By 75.5 (0.32%)

Pakistan will allow the resumption of oil imports as it eases some coronavirus lockdown restrictions and as farmers start wheat harvesting, the energy ministry said.

The ministry last month asked fuel retailers and refiners to cancel crude oil and oil product imports from April due to weak demand.

"High consumption of petroleum products have been witnessed since April 1, due to the start of harvesting season across the country. To meet the rising demand refineries may import crude oil as per their requirement," the Ministry of Energy (Petroleum Division) said in a notification released late Saturday.

Pakistan has announced the reopening of some industries in phases beginning with construction and allied industries while its lockdown is currently set to run until May 9.

Byco Petroleum Pakistan Ltd's 155,000 barrel per day (bpd) refinery and National Refinery Ltd's 64,000 bpd plant stopped operations last month.

The Attock Refinery also partially shut down its main plant but kept two small units operational.

Byco had already resumed operations earlier in the month.

Pakistan, the world's second most populous Muslim country after Indonesia, has reported more than 12,723 cases of the coronavirus, including 269 deaths. Both the government and experts say the peak for infections is expected to hit in May.

Copyright Reuters, 2020

Comments

Comments are closed.