PSO claims overcoming fuel shortage in Punjab

January 19, 2015 Off By Web Desk

KARACHI: The nation’s leading oil marketing company, Pakistan State Oil (PSO) on Tuesday claimed that it has successfully managed to overcome the fuel shortages occurring in some parts of Punjab.

In order to do so, the company increased its import of white oil products (petrol) and enhanced upliftment from local refineries. One vessel carrying 50,000 MTs of petrol arrived at Karachi on the 16th of January and the majority of this product was dispatched towards Punjab to counter the shortage in the region.

Another two vessels of petrol (50,000 MTs each) are expected to arrive on 25th and 29th January respectively. Four more vessels of 50,000 MTs each are expected to arrive in February. PSO has also purchased an additional 10,000 MTs of petrol from the vessel imported by Shell Pakistan which has arrived in Karachi today. The arrival of these vessels will help build the company’s petrol stocks and ensure normalization of supplies nationwide.

With a share of approximately 46% of the total MOGAS market, PSO is living up to its commitment to fulfill the needs of its customers. It is pertinent to mention here that the other 13 oil marketing companies operating in Pakistan which hold 54% of the market also need to play their respective roles in a responsible manner.

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