Pakistan’s oil sales drop by 8% year-on-year in August 2023
According to the latest data, Pakistan’s oil sales in August 2023 decreased by 8% compared to the same period last year, reaching 1.40 million tons from 1.52 million tons. The…
PSO holds corporate briefing session to discuss 9MFY23 results and future outlook
Pakistan State Oil Company Limited (PSO), the country’s largest oil marketing company, held a corporate briefing session on 22nd June 2023 to discuss its financial performance of 9MFY23 and future…
PSO ANNOUNCES HISTORIC FINANCIAL RESULTS – PERFORMING WHILE TRANSFORMING
In a fast changing, pandemic, lockdown world, Pakistan State Oil (PSO) beat all odds. A record breaking performance that demonstrates PSOs resilience and strength as it continues to transform and…
PayFast becomes first Pakistani payment gateway to be granted commercial license from State Bank of Pakistan
Karachi: PayFast, the indigenous payments solution by APPS,is now the first payment gateway in the country to receive a commercial license from the State Bank of Pakistan (SBP) under its…
AHMED CHINOY URGES THE GOVERNMENT FOR IMMEDIATE STEPS TO OVERCOME SHORTAGE OF FUEL IN VARIOUS PARTS OF THE COUNTRY
Ahmed Chinoy Chairman of Pakistan Cloth Merchants Association requested the Government to resolve the issue of the shortage of fuel in various parts of the country which while not only…
Oil marketing companies’ sales surge 39 percent in May 2020
KARACHI: Oil Marketing Companies (OMC) sales during the month of May 2020 witnessed an increase of 39 percent with the major contributor being Furnace oil (FO), numbers issued by Oil…
Nationwide petroleum crisis, dealers demand transparent inquiry Delayed petro imports shaped crisis, Govt lost billions in revenue Masses deprived of the benefit of reduced petroleum prices New pricing formula needed in the changed scenario: Ghiyas Paracha
The All Pakistan Petroleum Retailers Association has demanded a detailed probe into nationwide fuel shortage and asked the authorities to fix the responsibility. All the oil companies except PSO delayed…
PSO has ample fuel reserves to meet nation’s needs
KARACHI: Pakistan State Oil has repudiated the news circulating in some sections of the media fomenting speculations about shortage of fuel in the country. PSO has clarified that there is…
PSO contributes Rs 71 Million for Corona relief activities
Karachi: Pakistan State Oil (PSO) stands with the nation amid Corona pandemic, contributes Rs 71 Million for relief activities. PSO, Pakistan’s largest Oil Marketing Company, stands by its commitment to…
First of its kind fuel management solution strategic agreement between PSO & Uber
Karachi: Pakistan State Oil (PSO), the largest oil marketing company in the country, and Uber, the global ride-hailing service, have signed a strategic partnership agreement. Through this arrangement, PSO will…
Pakistan State Oil issues fuel oil import tender
SINGAPORE: Pakistan State Oil (PSO) issued this week its first fuel oil import tenders for 2019 as the state-owned energy firm prepares for rising summer demand, Reuters reported on Tuesday.PSO,…
PSO CELEBRATES INTERNATIONAL WOMEN’S DAY
Pakistan State Oil (PSO), the country’s leading oil marketing company, celebrated International Women’s Day that honors social, economic, cultural and political achievements of women. A program was arranged to mark…
PSO reports profit after tax of Rs. 4.2 billion in 1H FY19
KARACHI: The Board of Management (BOM) of Pakistan State Oil Company Limited (PSOCL) has reviewed the performance of the Company for first half of the financial year 2019 (1HFY19) in…
Government ends exemption given to K-Electric to import furnace oil through PSO
ISLAMABAD: After protests by local refineries, the government has notified a complete ban on import of furnace oil, ending an earlier exemption allowed to K-Electric. The decision was reportedly taken…
PSO acquires Shell UK’s shareholding in Pakistan Refinery
KARACHI: Pakistan State Oil Company (PSO) has acquired 84 million Class-B shares of Shell Petroleum Company Limited, United Kingdom in Pakistan Refinery Limited (PRL), a bourse filing said. The aforesaid…
Petroleum consumption declines 32 percent in October 2018
KARACHI: As per the latest petroleum sales data for the month of October 2018, total petroleum and lubricant sales clocked-in at 1.65 million tons, depicting a decline of 32 percent…
MCC Quetta seizes smuggled diesel
KARACHI: MCC Quetta has seized 15,000 liters of smuggled Irani diesel at Lakpas Customs check post. Smugglers had tampered the seals of the tanker for filing the smuggled diesel and…
MCC Quetta seizes smuggled diesel
KARACHI: Model Customs Collectorate Quetta foiled an attempt to smuggle Iranian origin diesel under the garb of documents/vouchers issued by M/s Pakistan State Oil (PSO), Kemari Terminal Karachi for supply…
PSO’s labs receive international recognition
KARACHI: Pakistan State Oil Company Limited (PSO), has achieved another benchmark on quality assurance front as two laboratories of the company have successfully met international proficiency tests criteria of the…
Pakistan petroleum products sales surge 10 percent in May
KARACHI: Petroleum, oil and lubricants (POL) sales clocked in at 2.43 million tons in May 2017, up by 10 percent on monthly basis. Cumulatively, the sales volume in eleven months…