No petrol shortage expected: PSO has ample MOGAS stocks

KARACHI - April 05, 2016: The nation’s leading Oil Marketing Company (OMC), Pakistan State Oil (PSO) clarifies that there is no MOGAS shortage expected in the country following a MOGAS vessel that got rejected in the initial test conducted by HDIP. A cargo ship containing 50,000 MTs of MOGAS/Petrol was imported via international tender. The shipment was imported via Emirates National Oil Cargo (ENOC) of UAE. All shipments are inspected for quality assurance before offloading, which is performed by Hydro Carbon Development Institute of Pakistan (HDIP). HDIP is a government owned organization and performs third party testing. After the inspection, the product was found to be substandard. The distillation point of the product was found to be 207 degree against the standard mark of 205 degree. Based on the results of the testing, offloading was not performed. However, as per the terms and conditions of the contract, the product is being tested again and results are expected by tomorrow evening. The final decision is subject to the result of second inspection. PSO will not bear any financial losses in case the cargo is rejected. As per the terms and conditions of the contract, supplier will ensure availability of the second cargo within 3 weeks. PSO has ample stock of fuel available i.e. 86,000 MTs which is enough to meet the requirements for the next 15 days. Cognizant of its responsibilities as the nation’s leading Oil Marketing Company, PSO, is committed to fulfilling the fuel needs of the nation in a timely and responsible manner.