Fuel, power shortage looms as oil stocks plummet

[$@rJen]

Isn't the oil price low right now??? why not pakistan buy in large amount as India is doing

 

[SBD-3]

The people are paying their bills it is mostly Government institutions and industrial setups which are not paying

A better way to check that out would be to visit the DESCO's website where you would be able to get the realistic picture first hand. In KPK and Sindh collection data support your argument, Industry posts the highest collection while the agriculturists are usually the worst.

 

[WAJsal]

our govt.....

 

[nvKyleBrown]

Looks like Pakistan hasn't learned from it's mistakes.

In case of war, A week of naval blockade and Pakistan would be without petrol..

I don't want to encourage hostilities here, but thinking strategically, why would you blockade them? That takes effort. For no effort or risk, you get very similar results due to God-only-knows-what levels of corruption and/or incompetence in Pakistan. Let them do themselves in, if it comes to that.

I'm surprised we haven't had the apologists out claiming its a Western, Zionist, Indian, anti-Islamic plot.

 

[sree45]

I don't want to encourage hostilities here, but thinking strategically, why would you blockade them? That takes effort. For no effort or risk, you get very similar results due to God-only-knows-what levels of corruption and/or incompetence in Pakistan. Let them do themselves in, if it comes to that.

I'm surprised we haven't had the apologists out claiming its a Western, Zionist, Indian, anti-Islamic plot.

If god forbid, anything similar to 26/11 happens. The easiest way for India to hurt Pakistan is to block it's maritime trade routes.

If what is said in the article is true, then after one week Pakistani economy will take a serious beating.

 

[ghazi52]

Govt. is not telling the truth.
Only making money...............
Making contract for LPG for commission..

 

[WAJsal]

If god forbid, anything similar to 26/11 happens. The easiest way for India to hurt Pakistan is to block it's maritime trade routes.

If what is said in the article is true, then after one week Pakistani economy will take a serious beating.

its easy to say on paper.

 

[sree45]

its easy to say on paper.

True that. But it's a viable option.

 

[Sine Nomine]

If god forbid, anything similar to 26/11 happens. The easiest way for India to hurt Pakistan is to block it's maritime trade routes.

Pakistan has acquired a lot on Equipment based on coastal areas to destroy vessels as far as 700km so it's on papers.

 

[ghazi52]

80pc of Lahore's petrol stations closed due to cut in supply
.......

A large number of motorcyclists getting their fuel tanks filled from a petrol pump in Lahore. ...........

LAHORE: Transporters and commuters suffered as a result of a drastic slash in the supply of petrol to the provincial capital city, as 80 per cent of filling stations in Lahore closed down Thursday.

A representative of the associations of petroleum dealers told Dawn that the remaining pumps, which were open, would also be shut down if the supply of petrol was not restored.

 

[wadi79]

I saw the news on Express Tribune but find it difficult to believe. Oil prices have fallen by over 50% in the past 6 months. Also, if fuel stocks were this low, there would already be news of massive power-cuts/load-shedding (more than what was already going on). None of that seems to be happening. I'm guessing and could be wrong on this, but it may be a tactic to pressurise banks/lenders to release more money for oil/power companies.

 

[Faiez]

Low oil price shall be in fact a boast for power increase and not shortage? What kind of logic is that? Those responsible for this crisis shall be hanged.

we're not there yet...Pakistan shall not turn into a north korea.

Pakistan already produce 20%-25% of its consumption of crude oil from its own reserve,Which is set to rise to 40% in the years to come.We already have 100% of our domestic natural gas in use

pakistan has a massive gas shortage, has been looking for iran deal, this deal, that deal, any deal...

 

[acid rain]

What weird logic is this?

 

[Kabira]

If god forbid, anything similar to 26/11 happens. The easiest way for India to hurt Pakistan is to block it's maritime trade routes.

If what is said in the article is true, then after one week Pakistani economy will take a serious beating.

Much worst may happen then 26/11 and India will not dare to do anything. Stop living in lala land and come to real world.

 

[ghazi52]

Govt mismanage.

When it comes to the energy crisis, Punjab just cannot catch a break. A cascading series of events over the last few weeks have resulted in a severe shortage of petrol in the province, as well as Khyber-Pakhtunkhwa, over the last three days, resulting in stranded commuters and a sharp slowdown in economic activity. Government officials believe the situation will be resolved by Saturday.

The sequence of events that resulted in this acute shortage seemed to be a perfect vortex of bad luck for consumers. They include the global drop in oil prices, surging domestic demand, high tide at Karachi Port preventing ships from unloading fuel imports, a truck crash outside Karachi, an unplanned shutdown at the country’s largest refinery, and the government-owned Pakistan State Oil running out of money.

The supply disruptions only appear to be affecting Punjab and Khyber-Pakhtunkhwa. Sindh and Balochistan are not affected, according to Aftab Hussain, chairman of the Oil Companies Advisory Council (OCAC), a lobbying group.

The sharp drop in global oil prices has resulted in a 27% drop in petrol prices in Pakistan so far, resulting in a sharp uptick in demand. “Petrol sales have touched 15,000 tons a day from around 11,000 tons a few months back. No one was anticipating this shift in demand so fast,” said a petroleum ministry official. The main cause: drivers who normally use compressed natural gas (CNG) for fuel shifting to petrol.