KARACHI: Pakistan State Oil (PSO), while responding to a news story titled “Petrol stocks fall to just nine days of needs” published in The Express Tribune, has denied that the country is facing any petrol shortage. “Being the national flagship oil marketing company, PSO has always been committed to ensuring seamless supply to its customers and maintains adequate fuel reserves at all times to deal with any kind of shortage,” it says in a statement. At present, PSO has motor gasoline stocks of 117,840 tons, which are sufficient for the next 15 days of consumption, with planned import of 250,000 tons in October, of which around 100,000 tons will be available next week. PSO says it is ensuring maximum power generation by providing 21,000 tons of furnace oil daily to power plants and four cargoes of LNG to Sui Northern Gas Pipelines Limited for use by power and other sectors.
Published in The Express Tribune, October 1st, 2016.