Power Units Are Halted Suplly To By All Refineries

Oil refineries have halted the delivery of furnace oil to Power units due to nonpayment. Pakistan State Oil (PSO) is providing imported furnace oil on emergency basis to thermal power units.
According to Ministry of Petroleum, PSO is confronted by a circular debt above Rs 100.4 billion. Power sector is the major defaulter of which Rs 91 billion is due against the power sector. PSO supplies furnace oil worth Rs 1 billion to Power sector on daily basis.
PSO is unable to pay Rs 68 billion to the refiners due to non payment by the Government, consequently Oil refineries have halted furnace supply. PSO is only supplying 19,000 metric tons of furnace oil to Power Production units. The Power units consume 35,000 metric tons of furnace oil everyday.