Influx of Iranian oil surges after polls

While local refineries and oil marketing companies complain about falling capacity utilisation and sales, around 10 million litres of Iranian petrol and diesel are smuggled into Pakistan every day through land and sea routes, causing a more than Rs227 billion annual revenue loss. It was revealed in a joint report by intelligence agencies to the Petroleum Division. Sources said the report entailed complete identities, addresses and contact numbers of 100 black sheep in around a dozen law enforcement agencies (LEAs), owners and operators of 533 illegal petrol stations across the country and 105 smugglers of Iranian oil. The report also contains precise information about informal border crossings and routes for trafficking smuggled items throughout Pakistan.