The Petroleum Division is cognizant of the artificial shortage of POL products that is being created in the country by some OMCs and Petrol Dealers. Petroleum Division emphatically states that there is sufficient quantity of petrol stocks in the country. Additional production by refineries as well as planned imports are on schedule to meet the monthly needs. The details of stocks available in the country are as under:
Petrol HSD
Useable Stocks (04.06.2020) 272,500 MTs 376,000 MTs
Days Cover 12 days 17 days
It is unfortunate that some OMCs and/or their dealers have resorted to such methods for profit maximization that is causing shortages/dryoutsfor the general public are having an adverse impact on the lives of the esteemed consumers. However, appropriate actions are being taken jointly by Petroleum Division, Oil & Gas Regulatory Authority, Competition Commission of Pakistan and all relevant stakeholders, including the Provincial Governments proactively normalize the situation.
The Petroleum Division is in contact with all OMCs and most OMCs do not have any major shortages. Shell and Total Parco are low on stocks but their additional imports are arriving on 8-10 June after which their stocks will also be replenished.
The Petroleum Division urges the Public at large and petrol dealers to not engage in panic buying.
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