Sufficient stocks of petroleum available in the country

• High sales of petroleum products have been witnessed on 1st May 2020 and 2nd May 2020 due to sizeable reductions in the price of petroleum products.

The Ministry of Petroleum has dismissed reports regarding the shortage of petroleum products in the country. However, it urged the public not to engage in ‘binge buying’ due to the availability of sufficient stocks.

Spokesperson for Petroleum Division confirmed in a statement that high sales of petroleum products have been witnessed on 1st May 2020 and 2nd May 2020 due to sizeable reductions in the price of petroleum products for which petrol pumps did not procure products from Oil Marketing Companies (OMCs).

However, sufficient stocks of petrol and diesel are available to cater to the demand of the country, the Petroleum Division added, with useable Stocks enough for 15days.

The Division also gave out the details regarding different POL products, Petrol: 285,000 MTs HSD: 350,000 MTs Further, PSO’s 2 x vessels (01 x Petrol and 01 x diesel carrying around 50,000 MTs 55,000 MTs petrol and diesel, respectively) have arrived and going to be berthed on 3rd May 2020 at Keamari Port and Port Qasim.

Therefore, the general public need not engage in binge buying as sufficient stocks of petroleum products are available in the country.