Agreement aims to streamline petroleum supply, reduce costs and strengthen cooperation between the two state-owned entities.
Pakistan Atomic Energy Commission (PAEC) and Pakistan State Oil (PSO) have entered into an agreement to facilitate fuel management and petroleum supply for PAEC operations.
Under the agreement, PSO will provide fleet cards to PAEC along with bulk supplies of petroleum, oil and lubricants (POL) at discounted rates. The arrangement is expected to help PAEC improve fuel procurement, strengthen operational efficiency and achieve financial savings.
According to PAEC, the agreement has been structured around two major areas. The first involves the provision of PSO fleet cards, while the second covers the bulk supply of petroleum, oil and lubricants at preferential prices.
The fleet card facility is expected to provide a more streamlined mechanism for managing fuel requirements across PAEC’s fleet. It can also support greater transparency and efficiency in fuel-related transactions and expenditure.
Meanwhile, the discounted bulk supply arrangement is likely to help PAEC manage its petroleum and lubricant requirements more economically. A reliable supply mechanism will also contribute to smoother operations by ensuring fuel availability when required.
The agreement also reflects the longstanding relationship between PAEC and PSO. The two state-owned organisations have maintained professional cooperation for more than four decades, making the latest arrangement another step toward strengthening their institutional partnership.
PAEC said the agreement goes beyond a conventional commercial transaction, highlighting a broader commitment by both organisations to efficiency, transparency, economy and mutually beneficial cooperation.
The collaboration is expected to create operational and financial advantages for PAEC while providing PSO with an expanded role in supporting the energy and fuel requirements of a major national institution.
The latest agreement comes as public-sector organisations increasingly seek more efficient procurement systems, cost optimisation and transparent fuel management practices.
Through the new arrangement, PAEC and PSO aim to establish a dependable and cost-effective fuel supply framework while further strengthening their longstanding professional relationship.