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 affect the business community and transport sector also due to which it will increased fares of transport and effect timely… Continue reading

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 Companies Advisory Committee (OCAC) suggest. FO volumes clocked in at 144k MT, while Motor Spirit (MS) volumes recorded a 46… Continue reading

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 import of petroleum products and violated the rules regarding maintaining the fuel stock which has resulted in the scarcity of… Continue reading

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 serve the nation. PSO has donated Rs. 71 million to provide support and relief to the underprivileged segments of society… Continue reading

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 provide its advanced DIGICASH Fuel Cards, coupled with Fuelink Mobile App and special offerings to the Uber partner drivers. DIGICASH… Continue reading

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.[the_ad id=”31605″]PSO, which uses fuel oil in power generation, is seeking up to 420,000 tonnes of summer grade 180-centistoke (cst) high-sulphur… Continue reading