Pakistan has sufficient stock of fuel to meet domestic demand

Pakistan has sufficient stock of fuel to meet domestic demand

ISLAMABAD: Pakistan has sufficient stock of fuel to meet the domestic requirement of the country, an official statement said on Tuesday.

The statement has clarified the news reports circulated regarding fuel shortage. It said the reports are baseless and contrary to facts.

On November 7, 2022 the petrol stocks are around 550,000 Metric Tons which is sufficient for 21 days and with regard to diesel the present stocks are 438,000 Metric Tons which is adequate for 15 days, based on Oil Companies Advisory Council’s (OCAC) stock position.

PSO’s planned import of diesel for the month of November 2022 is around 220,000 metric Tons out of which one cargo is on the way to Karachi and is expected to arrive on November 12,2022 while cargoes of other OMCs are in line to meet the country’s planned demand.

Keeping in view the above position, the stock in the country is sufficient to take care of current requirements, it added.