KARACHI: The Pakistan State Oil (PSO) has denied any imminent fuel shortage in the country and assured smooth transition to new fuels in due course of time.
A statement here on Thursday the `Pakistan State Oil (PSO) refuted the impression that is being created by some circles that there will be shortage of fuel in the country in the next few days owing to the decision of the government to import higher grades of Mogas and compliance of the same by all Oil Marketing Companies (OMCs)'.
It said that the PSO would like to clarify that as opposed to the claims made; the company has sufficient quantities of Mogas and assures the public that there will be no shortage of fuel for its customers at PSO outlets across the nation.
The statement further pointed out that PSO does not operate on short term gains or minimize its stocks and will continue to honor its commitment of fuelling the nation under all circumstances irrespective of commercial benefit to itself as our topmost priority and commitment is to keep the wheels of the country running.
It is to be noted that the High Octane Blending Content (HOBC) sold in Pakistan is RON 97. The local refineries (except for Attock RON 87) will be producing 90 RON petrol from the beginning of November 2016 as well, the statement added.
The policy steps taken are a paradigm shift for Pakistan's oil industry and in providing clean fuels that will assist the climate change plans of the country. PSO assured the people of Pakistan that the transition to new improved quality fuels will be a smooth one, it was further pointed out.
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