KARACHI: Stakeholders in the oil industry have ruled out any shortage of petrol in the country saying that stocks are enough and imports are already lined up for arrival within this month.

Oil Companies Advisory Council (OCAC) Chief Executive Officer Ilyas Fazil said total petrol stocks stand at 200,000 tonnes while another 220,000 tonnes of imported petrol is arriving in the next 10 days.

He said the public should rest assured that the country has adequate stocks and there is no shortage and no need for panic buying.

On reports of impending petrol shortage in some upcountry destinations especially Lahore, Mr Ilyas said these reports began last week and caused consumers to resort to panic buying at various outlets.

It was necessary to reassure the public that product movement to upcountry destinations from Karachi has been maximized, and that the situation is very much under control, he added.

Pakistan State Oil (PSO), in a statement, said the company has sufficient quantities of fuel and its depots are working round the clock to ensure an uninterrupted supply of products throughout the country.

There will be no shortage of petrol. The company is continuing to manage its imports and refinery purchases smoothly. PSO has already imported 170,000 tonnes of petrol. In addition to this 115,000 tonnes of MOGAS will be arriving within this month. This also includes a ship containing 57,000 tonnes arriving in the next one day.

Published in Dawn, September 22nd, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...