Pak Oil refineries shutting down production due to massive import of HSFO

The local oil refineries are shutting down their production due to massive import of High Sulphur Fuel Oil (HSFO) by the government and low demand from the power sector. Pakistan Refinery Limited has become the third one to announce its closure following Byco Petroleum Pakistan Limited (BPPL), now renamed as Cnergyico Pk Limited, and National