Pakistan Ships Fuel Oil as Economic Crisis Hits Power Usage
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Fuel oil-exports from Pakistan swelled to a record last month as the nation that’s typically been an importer of the fuel faces lower domestic demand on cooler weather and a crippling economic crisis.
The South Asian country shipped out 164,000 tons in April, the largest volume since at least 2017, according to Kpler data compiled by Bloomberg. It did not import any fuel oil during March and last month, according to the figures.