‘PSO managing petroleum demand’
PSO says it has wide-scale presence in Punjab, fuelling the province with a record 2,060 stations.
KARACHI:
Pakistan State Oil (PSO) says that it is managing demand of petroleum products in the country, particularly in the Punjab province.
A PSO press release on Monday said that it has wide-scale presence in Punjab, fuelling the province with a record 2,060 stations. In Mogas alone, PSO dominates with market share of 48 per cent, whereas all other competitors (11 other OMCs) together hold 52 per cent.
PSO is the only entity that has adequate stocks of petrol as it anticipated the demand in advance, due to closure of Parco in August. PSO ordered 3 cargoes of Mogas, each entailing 40,000MTs of Mogas of which two have been discharged and transported to depots whereas one is at the berth, the release stated.
Punjab consumes an average of 110,000 metric tons (MTs) a month, out of which PSO share of sales is 50,000 MTs per month. This year, total sales figures of September, to date, stand at 34,519MTs in Punjab, which is still comparatively much higher than same total last year, which was 29,425MTs.
Even in face of such a dire energy crisis, the company worked overtime to cater to never-ending queues of frustrated drivers in need of petrol. It continued operations on Saturday, Sunday and its retail, logistics, operations teams worked and transported 5,612kilo litres (KLs) of petrol on Saturday another 6198KLs transported on Sunday. Most PSO pumps remained operational and tried to meet demand while maintaining ample stocks, the press release added. PPI
Published in The Express Tribune, September 21st, 2010.
Pakistan State Oil (PSO) says that it is managing demand of petroleum products in the country, particularly in the Punjab province.
A PSO press release on Monday said that it has wide-scale presence in Punjab, fuelling the province with a record 2,060 stations. In Mogas alone, PSO dominates with market share of 48 per cent, whereas all other competitors (11 other OMCs) together hold 52 per cent.
PSO is the only entity that has adequate stocks of petrol as it anticipated the demand in advance, due to closure of Parco in August. PSO ordered 3 cargoes of Mogas, each entailing 40,000MTs of Mogas of which two have been discharged and transported to depots whereas one is at the berth, the release stated.
Punjab consumes an average of 110,000 metric tons (MTs) a month, out of which PSO share of sales is 50,000 MTs per month. This year, total sales figures of September, to date, stand at 34,519MTs in Punjab, which is still comparatively much higher than same total last year, which was 29,425MTs.
Even in face of such a dire energy crisis, the company worked overtime to cater to never-ending queues of frustrated drivers in need of petrol. It continued operations on Saturday, Sunday and its retail, logistics, operations teams worked and transported 5,612kilo litres (KLs) of petrol on Saturday another 6198KLs transported on Sunday. Most PSO pumps remained operational and tried to meet demand while maintaining ample stocks, the press release added. PPI
Published in The Express Tribune, September 21st, 2010.