Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

Government Greenlights PSO to Import Diesel for All Petroleum Companies

“Pakistan State Oil (PSO) secures exclusive rights to import high-speed diesel, addressing domestic fuel demand. A government-approved agreement with Kuwait Petroleum Corporation enhances PSO’s premium fuel advantage, ensuring economic benefits and operational efficiency for the nation. Stay updated on Pakistan’s energy developments.”

Government Greenlights PSO to Import Diesel for All Petroleum Companies

Pakistan State Oil (PSO) has been given the special right to bring in a type of fuel called high-speed diesel (HSD) to fulfill the needs of the people in the country.

The Petroleum Division has agreed to PSO’s idea of importing HSD for the oil companies in the country. The Oil and Gas Regulatory Authority (OGRA) has been told to talk to the oil industry and make a plan for this agreement. This is expected to help the country in both money and operations.

PSO gets HSD from Kuwait Petroleum Corporation (KPC) through a deal between the two governments. This gives PSO an advantage in terms of better quality and financial arrangements.

Even though PSO used to bring in 90 percent of HSD before, now importing all of the diesel would not only meet the demand but also ease the worries of oil companies about the local price of HSD, which is determined by PSO’s imports and adjustments in premium and exchange rate.

750 Prize Bond Result List 2024 Pdf Download

Premium is the extra money paid above or below the usual price of fuel based on how much people want it. Pakistan has to import diesel because local refineries don’t make enough to meet the needs of the people in the country.

Leave a Reply

Your email address will not be published. Required fields are marked *