Pakistan June fuel oil imports at all-time high near 850,000T

SINGAPORE: Pakistan’s June fuel oil imports, mainly for power-generation, were at all-time high volumes of nearly 850,000 tonnes, on the back of severe power shortages in the country, official data showed on Monday.Imports of high-sulphur fuel oil (HSFO) were also at records-high levels, totalling more than 700,000 tonnes, while purchases of low-sulphur fuel oil (LSFO) were at about 130,000 tonnes, figures from the country’s Oil Companies Advisory Committee showed.The heavy requirements, up by more than 20 percent versus May, are expected to continue in the near term and reflected by the purchase of 1.62 million tonnes, for August to October delivery, by Pakistan State Oil, industry sources said. – Brecorder