Latest Trending
Last Updated, Nov 7, 2022, 4:05 PM
Pakistan's oil sector warns of looming petrol, diesel crisis
Share This


ISLAMABAD, Nov. 7 (Xinhua) — The Oil Companies Advisory Council (OCAC) of Pakistan on Monday said that the country is expected to face petrol and high-speed diesel shortage in the days ahead, calling for special measures to avert the looming fuel crisis.

“Keeping in view the ongoing sales trend, we foresee product (petrol, diesel) availability challenges in various pockets of the country in days to come due to inadequate imports and limited local avails,” said the OCAC, a representative body of the oil sector in the country.

A deficit of 210,000 metric tons of high-speed diesel and 147,000 metric tons of petrol was worked out after extensive deliberation previously.

However, it is alarming that petrol import corresponding to the anticipated sales volume and stock cover has also not been booked yet, the OCAC noted.

The importers were supposed to finalize the import plan, but as of now, there is a gap in the import plan, it said, adding that a few oil marketing companies’ sales for the last month have been higher than expected and have continuously been carrying low stocks since October 2022.

Considering the situation, the oil sector representative asked the country’s oil and gas regulators to issue necessary directives to the importing companies for strict adherence to the import plans to avoid a shortage.

24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com

Latest Post

4 Advantages of Owning Your Own Dump Truck

Last Updated,Oct 4, 2024

5 Characteristics of Truth and Consequences in NM

Last Updated,Sep 30, 2024

How To Make Your Wedding More Accessible

Last Updated,Sep 11, 2024

Ensure Large-Format Printing Success With These Tips

Last Updated,Sep 11, 2024

4 Reasons To Consider an Artificial Lawn

Last Updated,Sep 11, 2024

The Importance of Industrial Bearings in Manufacturing

Last Updated,Sep 11, 2024

5 Tips for Getting Your First Product Out the Door

Last Updated,Sep 11, 2024

Most Popular Metal Alloys for Industrial Applications

Last Updated,Sep 6, 2024

5 Errors To Avoid in Your Pharmaceutical Clinical Trial

Last Updated,Aug 20, 2024

Ways You Can Make Your Mining Operation Cleaner

Last Updated,Aug 12, 2024

Tips for Starting a New Part of Your Life

Last Updated,Jul 16, 2024

Easy Ways To Beautify Your Home’s Exterior

Last Updated,Jun 18, 2024