DPS clarifies Pakistan’s oil reserves
Islamabad: Pakistan State Oil (PSO) spokesman on Friday. Deny all rumors about a shortage of fuel reserves. and said there were sufficient stocks of petroleum products in the country, ARY News reported.
A spokesman for PSO said the Department of Energy and the Oil and Gas Regulatory Agency (OGRA) are monitoring the overall situation regarding product availability by other oil marketing companies. so that the country’s supply chain can continue to be taken care of smoothly
He said PSO would continue to supply petroleum products in the country. There is enough gasoline and diesel in the country while 80,000 metric tons of oil and 90,000 metric tons of diesel have already arrived at the port of Karachi.
An OGRA spokesman said local refineries and oil marketing firms were working to meet demand for petroleum products.
last week oil company advisory council (OCAC) Asks the Federal Government Intervene immediately to ensure timely issuance of letters of credit for imported petroleum products to avoid fuel shortages in the country.
The Oil Company Advisory Council (OCAC) wrote a letter on behalf of oil marketing companies (OMC) and refineries highlighting the challenges facing the delay in opening letters of credit (LCs) for petroleum product imports.
Due to the lack of open LCs, some oil products were canceled.
Pakistan needs to import about 430,000 metric tons (MTs) of mogas oil, 200,000 tons of high speed diesel (HSD), and 650,000 tons of crude oil per month, worth about $1.3 billion.