PSO buys petrol from Shell Pakistan

Pakistan State Oil (PSO) Tuesday purchased an additional 10,000 MTs of petrol from Shell Pakistan and claimed to have successfully managed to overcome the fuel shortages occurring in some parts of Punjab province. The additional fuel was bought from a vessel imported by Shell Pakistan which arrived here Tuesday. Further, the state-run oil giant said to have increased its import of white oil products (petrol) and enhanced upliftment from local refineries.

It said one vessel carrying 50,000 MTs of petrol arrived at Karachi on January 16. “Majority of this product was dispatched towards Punjab to counter the shortage in the region,” the company said. Another two vessels of petrol (50,000 MTs each), it said, were expected to arrive on 25th and 29th of this month, respectively. A further four vessels of 50,000 MTs each were expected to arrive in February.

The arrival of these vessels would help build up the company’s petrol stocks and ensure normalisation of supplies nation-wide, the company said. “It is pertinent to mention here that the other 13 oil marketing companies operating in Pakistan which hold 54 percent of the market also need to play their respective roles in a responsible manner,” said the PSO.

Recorder Report