Petrol shortage likely to worsen as oil companies left with limited stock

By: INP      Published: 07:54 PM, 5 Jun, 2020
Petrol shortage likely to worsen as oil companies left with limited stock

A shortage of petrol and diesel at most fuel stations across the country reportedly due to limited supply of petroleum products have added to the miseries of people.

Sameer Najmul Hassan, the Chairman of All Pakistan Petroleum Retailers Association (APPRA), in a statement said oil companies will likely run out of their oil stocks in the next three days. They have been left with the stock hardly enough to last out more than three days, he added.

He said new quota of petroleum products is not being purchased due to a consistent decrease in the oil companies’ quota. No company other than the Pakistan State Oil (PSO) is purchasing oil at present, the APPRA chairman said.

“The situation seems to be going from bad to worse until Sunday,” he warned.  He said 15 oil marketing companies in total, including the PSO, purchase oil in the country.