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Petroleum products could see major price hike

Petroleum products

ISLAMABAD: Pakistan’s petroleum sector braces for a possible rise of PKR 9.60 per litre in fuel prices over the next fifteen days.

Industry sources said the increase is likely due to a shortage of diesel in the Gulf region. Pakistan imports most of its diesel from Kuwait, but supply has been affected because one of Kuwait’s refineries is undergoing extended maintenance.

Originally scheduled to be completed at the beginning of November, the maintenance has now been extended for another 15 days, creating a regional diesel shortage.

According to sources, only one of the three units at Kuwait’s Al-Zour refinery is fully operational, leading to reduced production of High-Speed Diesel (HSD) and an increase in global prices.

Pakistan down Kuwait in Hong Kong Sixes opener

Pakistan

Pakistan made a winning start to the Hong Kong Sixes tournament by defeating Kuwait by four wickets in their opening match. Skipper Abbas Afridi won the toss and chose to bowl first.

Kuwait put up an impressive total of 123 for 2 in the allotted six overs. Opener Adnan Idrees scored 17, while Bilal Tahir contributed 24 runs. Meet Bhusur remained unbeaten on 41, and wicketkeeper-batter Usman Patel scored an unbeaten 31.

For Pakistan, Abbas Afridi and Muaz Sadaqat picked up one wicket each.

Pakistan chased down the target with one wicket down. Khawaja Nafeh remained not out on 25, while Shahid Aziz contributed an unbeaten 23. Mohammad Shehzad retired hurt after scoring 14, and Abdullah Samad was dismissed without scoring.

Captain Abbas Afridi was the star of the innings, smashing a blistering 55 runs off just 12 balls, including one four and eight sixes, earning him the Player of the Match award.

Kuwait’s lone wicket was taken by Muhammad Shafiq. Pakistan will face India later today in their second match of the tournament.