AGL 39.00 Decreased By ▼ -1.00 (-2.5%)
AIRLINK 128.70 Decreased By ▼ -0.36 (-0.28%)
BOP 6.65 Decreased By ▼ -0.10 (-1.48%)
CNERGY 4.74 Increased By ▲ 0.25 (5.57%)
DCL 8.50 Decreased By ▼ -0.05 (-0.58%)
DFML 41.00 Increased By ▲ 0.18 (0.44%)
DGKC 80.99 Increased By ▲ 0.03 (0.04%)
FCCL 32.50 Decreased By ▼ -0.27 (-0.82%)
FFBL 74.00 Decreased By ▼ -0.43 (-0.58%)
FFL 11.60 Decreased By ▼ -0.14 (-1.19%)
HUBC 109.35 Decreased By ▼ -0.23 (-0.21%)
HUMNL 13.60 Decreased By ▼ -0.15 (-1.09%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.51 Decreased By ▼ -0.21 (-2.72%)
MLCF 38.15 Decreased By ▼ -0.45 (-1.17%)
NBP 63.50 Decreased By ▼ -0.01 (-0.02%)
OGDC 192.67 Decreased By ▼ -2.02 (-1.04%)
PAEL 25.32 Decreased By ▼ -0.39 (-1.52%)
PIBTL 7.30 Decreased By ▼ -0.09 (-1.22%)
PPL 154.40 Decreased By ▼ -1.05 (-0.68%)
PRL 25.30 Decreased By ▼ -0.49 (-1.9%)
PTC 17.06 Decreased By ▼ -0.44 (-2.51%)
SEARL 77.75 Decreased By ▼ -0.90 (-1.14%)
TELE 7.60 Decreased By ▼ -0.26 (-3.31%)
TOMCL 33.49 Decreased By ▼ -0.24 (-0.71%)
TPLP 8.20 Decreased By ▼ -0.20 (-2.38%)
TREET 15.91 Decreased By ▼ -0.36 (-2.21%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.50 Increased By ▲ 0.01 (0.04%)
WTL 1.39 No Change ▼ 0.00 (0%)
BR100 10,366 Decreased By -79 (-0.76%)
BR30 30,933 Decreased By -256.3 (-0.82%)
KSE100 97,158 Decreased By -640.4 (-0.65%)
KSE30 30,256 Decreased By -225.2 (-0.74%)

ISLAMABAD: Pakistan State Oil (PSO) has informed Petroleum Division that power plants are neither uplifting booked quantity of furnace oil nor making due payments.

PSO’s General Manager, Ghulam Murtaza Shah, in a letter of June 28, 2022 to Director General Oil(Petroleum Division) said that as per fuel (RFO) requirement for the month of June, 2022, PSO awarded requisite cargoes to meet the fuel requirement of power sector. However, as of June 28, 2022, PSO only supplied 173,306 MTs against supply plan of approx. 264,287 MTs with shortfall of approx. 90,981 MTs due to low upliftment/ order placement and delay in payments from respective Power Plants.

According to PSO, as a result, PSO stocks are on optimum level and ullage is not available to berth two (02) HSFO cargoes which are causing undue demurrages and upliftment from refineries is also being affected.

PSO has requested Director General Oil to take up the matter with MoE (Power Division) to advise the power plants to uplift product and built up stocks for upcoming Eid holidays and provide payments to PSO accordingly to avoid any untoward situation.

Copyright Business Recorder, 2022

Comments

Comments are closed.