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The Petro-leum Division acknowledged that there were massive shortage of petrol and high-speed diesel (HSD) on first two days of current month after sizeable reduction in petroleum prices.

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

However, sufficient stocks of petrol and diesel are available to cater for the demand of country.

On May 2, useable stocks petrol of 285,000 MTs and HSD 350,000 MTs is available, which is enough for 15 days.

Further, the Pakistan State Oil (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.

Copyright Business Recorder, 2020

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