PSO Register Increase in POL Products Supplies

Date: July 10, 2008
PSO Register Increase in POL Products Supplies
Karachi July 10, 2008: Pakistan State Oil (PSO), the largest oil marketing company in Pakistan with the country wide network of 3,600 outlets significantly improved its supplies of Diesel and Mogas during Financial Year 2008.

Comparison with FY 07 figures shows that during FY 08, PSO achieved an impressive sales volume of 5.3 million MTs for Diesel and 0.72 million MTs for Mogas against previous year’s figures of 4.4 million MTs for Diesel and 0.54 million MTs for Mogas. These figures show that the company delivered an impressive growth of approximately 20% in diesel and 33% in mogas during FY 08.

During the twelve months ending June 2008, the Diesel sales in Pakistan showed an overall volume growth of 0.97 million MTs out of which 0.87 million MTs (89% of the total industry growth) was contributed by PSO. It is worth mentioning here that during the crunch month of June 08, PSO supplied 30,000 MTs additional Diesel, which is 8% higher, than the same period last year.

Similarly in Mogas against an industry growth of 0.31million MTs, PSO share was 0.18 million MTs (59% of the total industry growth). This clearly indicates that the major chunk of the growth in Mogas demand during FY 08 was met by PSO.