PSO denies oil shortage news
The Pakistan State Oil (PSO) on Thursday denied any imminent fuel shortage in the country and assured smooth transition to new fuels in due course of time.
“Pakistan State Oil refutes the impression that is being created by some circles that there will be shortage of fuel in the country in the next few days owing to the decision of the government to import higher grades of Mogas and compliance of the same by all Oil Marketing Companies (OMCs),” said a statement released by the national oil company.
The statement added that as opposed to the claims made; the company has sufficient quantities of Mogas and assures the public that there will be no shortage of fuel for its customers at PSO outlets across the nation.
“PSO does not operate on short term gains or minimise its stocks and will continue to honour its commitment of fuelling the nation under all circumstances irrespective of commercial benefit to itself as our topmost priority and commitment is to keep the wheels of the country running.”
High Octane Blending Content (HOBC) sold in Pakistan is RON 97. The local refineries, except for Attock RON 87, will be producing RON 90 petrol from the beginning of November 2016 as well, the statement added.
The policy steps taken are a paradigm shift for Pakistan’s oil industry and provision of clean fuels will assist the climate change plans of the country.
PSO assured the people of Pakistan that the transition to new improved quality fuels will be a smooth one, it was further pointed out.