August 30, 2008

Furnace oil price up by PKR 1,872 per tonne in Pakistan

APP reported that, after an increase in the prices of petroleum products, the oil marketing companies have also increased the prices of furnace oil by PKR 1,872 per tonne.

OCAC officials said that the price of furnace oil after this increase has touched PKR 38,063 per tonne. They further told that the main reason of the increase in price of furnace oil is reaching the price of crude oil the record level in international market.

A large quantity of furnace oil imported to the country is used in power plants and steel manufacturing plants.