PSO ensures availability of petroleum products in all parts of the country

In response to article published by a leading national daily with headline, “Petrol likely to get scarce amidst dwindling stocks”, the country’s largest oil marketing company, Pakistan State Oil, has said: “PSO would like to confirm that neither there is nor there will be any shortage of fuel in the country. The company has sufficient quantities of fuel and our depots are working round the clock to ensure an uninterrupted supply of products throughout the country.

“The company is continuing to manage its imports and refinery purchases smoothly. 170,000 metric-tons of petroleum product imports are in the pipeline with majority of this quantity will be available in only next few days. We would therefore like to assure our customers that there will be no shortage of fuel at PSO outlets.” “Despite all the challenges on liquidity front, PSO is continuing to supply more than its market share to ensure an uninterrupted availability of petroleum products across all parts of the country.” Currently our collective receivable from power sector, government for price differential claims, PIA and SNGPL stands at Rs 293.6 billion. We are constantly engaging with the Ministry of Energy, Ministry of Finance, PIA and SNGPL for release of funds.”

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