Pakistan

Fuel tanker docks at Port Qasim amid supply crisis

tanker

ISLAMABAD: In a major relief for Pakistan’s energy sector, the crude oil tanker MT Nave Atropos successfully docked at the FOTCO Terminal on Monday, carrying around 50,000 metric tonnes of petrol.

The shipment marks the first successful delivery since disruptions in the Strait of Hormuz following the escalation of the US-Israel conflict with Iran significantly affected global fuel supply routes.

Authorities said the vessel arrived from Fujairah in the United Arab Emirates and was received by port officials who began unloading the fuel cargo for distribution into the national supply system.

The arrival comes amid concerns that Pakistan could face a severe fuel shortage as the Strait of Hormuz — one of the world’s most critical oil transit chokepoints — has remained largely closed to commercial shipping since early March.

Officials said two additional fuel tankers are also heading towards Karachi as part of an emergency fuel procurement plan by the government.

The tanker MT Spross Two carrying 55,000 tonnes of petrol is expected to arrive later on March 10, while MT Sea Clipper is scheduled to reach the port on Wednesday with another 34,000 tonnes.

These shipments from the UAE and Oman are part of emergency measures to maintain Pakistan’s fuel supply amid the global crisis.

Meanwhile, the government has adopted austerity measures to reduce fuel consumption across the country.

In Punjab, Chief Minister Maryam Nawaz has ordered the closure of educational institutions until March 31, shifting students to online classes to limit petrol and diesel consumption.

Authorities have also reduced public sector fuel allowances by 50% and introduced work-from-home policies in major cities to decrease vehicle usage.

Finance Minister Muhammad Aurangzeb warned that Pakistan’s monthly import bill could increase by an additional $600 million if global crude oil prices rise to around $120 per barrel.

Officials said the arrival of the tanker has provided temporary relief, but concerns remain as long as disruptions in the Strait of Hormuz continue to affect global oil shipments.

Leave a Comment

Your email address will not be published. Required fields are marked *

*