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Home Breaking News

Gadani Enforcement to auction massive stock of seized Iranian diesel, petrol on May 15

byCT Report
12/05/2025
in Breaking News, Karachi, Latest News
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KARACHI: Collectorate of Customs (Enforcement), Gadani, of Pakistan Customs has announced a large-scale public auction of seized Iranian petroleum products, including high-speed diesel (HSD) and petrol, to be held on May 15, 2025, at Gadani.

This move comes as part of Pakistan’s broader effort to dispose of illegally smuggled fuel through transparent legal procedures.

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According to official sources, the petroleum products set for auction include approximately 277,840 liters of Iranian high-speed diesel and 23,320 liters of Iranian petrol. These fuels were seized during various anti-smuggling operations across Balochistan and are currently stored at multiple locations under Customs supervision.

Detailed breakdowns show the following quantities of Iranian diesel:

• 172,770 liters at C.P. Khurkhera

• 76,200 liters in Panjgur

• 23,500 liters at Wangu

• 13,450 liters in Turbat

For Iranian petrol, the seized stock includes:

• 11,380 liters at Khurkhera

• 4,740 liters in Khuzdar

• 7,200 liters stored at C.P. Gwadar

As per regulations, only companies registered with the Oil and Gas Regulatory Authority (OGRA) of Pakistan are eligible to participate in the auction. This ensures that all fuel acquired through the process is handled by licensed entities operating within Pakistan’s legal framework.

Pakistan Customs emphasized that the auction will be conducted in strict accordance with the Customs Act, 1969, and all relevant rules. The entire process will take place on an “as is where is” basis, meaning the fuel will be sold in its current condition and location without any warranties.

Interested bidders must also comply with a mandatory 10% advance income tax payment, to be deposited separately upon a successful bid. The Collector of Customs retains the authority to accept or reject any bid without providing justification. If the auction cannot be concluded on the set date, it will continue on the next working day until all lots are finalized.

This marks a significant event in Pakistan’s ongoing efforts to counter fuel smuggling and utilize confiscated goods through legal means. The large volume of Iranian petroleum reflects the scale of recent anti-smuggling operations, reinforcing Pakistan’s stance on border control and regulated fuel distribution.

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