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Nawaz vows stern action: Only 51,000 metric tones petrol in stock for 3 days

byCustoms Today Report
23/01/2015
in Business
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ISLAMABAD: Prime Minister Nawaz Sharif has vowed strict action against the people responsible for the fuel crisis.

Chairing a meeting on petrol crisis, the prime minister directed the departments concerned to inform general public about petrol supply. The Prime Minister also cancelled his visit to the World Economic Forum at Davos with a view to focusing on the fuel crisis in the country and devising ways to ensure uninterrupted fuel supply to people. The meeting was attended by Ministers for Finance and Water and Power and reviewed the petroleum supply and demand situation over the next two months.

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Meanwhile, a media report revealed that the country is going to face another petrol crisis as only 51,000 metric tones of petrol is available in the stocks, which is enough for only three days.

According to the report, Oil Marketing Companies (OMCs) have a reserve of 42,000 MT, while only 7,000 MT of petrol stock is left with country’s oil refineries.

It is pertinent to mention here that Pakistan State Oil (PSO) on the morning of January 22 (Thursday) had petrol stock of only 22546 ton, Shell with 10100ton, Caltex with 6815ton, Hascol with 9400 ton, APL (Attock Petroleum Limited) with 5660 ton, Total Parco with 3449 ton, while Byco with a stock of 158ton and Overseas Oil Trading Company (Pvt.) Ltd (OOTCL) was left with 82 tons of petrol reserves. Furthermore, Attock Refinery is left with a stock of 1954 ton, National Refinery with 1156 ton, Pakistan Refinery with 1273 ton, PARCO with 2498 ton and Byco refinery had only 503 ton of petrol reserves.

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