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PSO has only 8-day stock of petrol, Senate body told

byCT Report
26/03/2016
in Business
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ISLAMABAD: Pakistan State Oil has 50 days stocks of high speed diesel and furnace oil while the stock of petrol is enough for only 8 days.

This was revealed by an official of the PSO while briefing the Senate Standing Committee on Petroleum and Natural Resources. The official informed the committee that the company was enhancing storage capacity for the motor spirit. The committee was also informed that power sector has to pay Rs 130 billion outstanding dues, from 2015, to the state-owned oil company.

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The committee expressed serious anger over PSO management for not regularizing the jobs of trainees from Balochsitan. These trainees were inducted in 2013 for a period of two years and a commitment was made to make them permanent after completing training. The PSO assured the committee that all the trainees of Balochsitan will soon be made permanent as per directions of the committee.

The committee directed the PSO management to provide details of province-wise employees in PSO and for the time being stop appointments on these vacancies so that provincial quota can be ensured. The PSO official informed the committee that the current strength of the company employees was 2,285.

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