Refineries on verge of closure

The domestic oil refineries have warned the government of their imminent closure and resultant disruption in supply chain of petroleum products owing to continuous shut down of oil-based power plants both in the public and private sector. Almost all the domestic refineries have been forced to run on sub-optimal capacity following a decision of PM to close down oil-based plants to facilitate maximum utilization of LNG. The problem had been aggravated by poor planning at the government level as PSO, despite its stuck up amounts of more than PKR 307Bn, had booked six ships full of furnace oil from abroad on the instructions of the power sector even though PM Abbasi ordered closure of oil-based plants.