ISLAMABAD: Independent Power Producers (IPPs) have warned the government that proposed levies on furnace oil could significantly raise electricity generation costs and disrupt refinery operations.

OCAC seeks SIFC intervention over petroleum levy on furnace oil He further contended that OICCI supports the government’s broader objectives of revenue generation and environmental ...

U.S. strikes on Iranian nuclear sites raise fears Iran may block the vital Strait of Hormuz, risking major global oil disruptions and economic instability. Here's what you need to know about the ...

The cost to replace a furnace is typically around $2,400 to $6,000. The overall cost depends on the type of furnace, the size and energy efficiency.

KARACHI – Pakistan’s furnace oil (FO) exports soared 63% year-on-year, reaching 1.37 million tons during the first 11 months of the current fiscal year (11MFY25), making FO the top contributor ...

As U.S. strikes on Iranian nuclear facilities drive fears of retaliation, it remains to be seen whether Iran will try to block oil trade via the Strait of Hormuz.

Over 80% of the oil transported through the Strait of Hormuz is consumed by Asia, of which China, India, Japan and South Korea account for around 65%.

Oil prices rose on Monday during a volatile trading session, following the United States’ decision to join Israel in launching attacks on Iran’s nuclear facilities over the weekend.

Pakistan, June 23 -- KARACHI - Pakistan's furnace oil (FO) exports soared 63% year-on-year, reaching 1.37 million tons during the first 11 months of the current fiscal year (11MFY25), making FO ...

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