KARACHI – The oil trade has knowledgeable the federal government about an anticipated petrol scarcity within the coming days because of insufficient imports and restricted native availability.
In a letter written to the Oil & Gasoline Regulatory Authority (OGRA) in regards to the scarcity, the Oil Corporations Advisory Council (OCAC), a consultant physique of the oil sector, has knowledgeable the regulator in regards to the scenario.
The OCAC mentioned that motor spirit/petrol and HSD imports have been finalised after intensive deliberation and allowed to grease advertising and marketing firms (OMCs) consistent with their demand in product availability assessment of merchandise for the month of November 2022.
Beneath product assessment, deficit of 210,000 MT of HSD and 147,000 MT of petrol was labored out. It was highlighted within the assembly that HSD imports in November may be difficult owing to restricted availability within the worldwide market and really excessive premiums; therefore up to now, solely PSO has booked shipments of 220,000 MT & 10,000 MT by Movement Petroleum.
Nevertheless, it’s alarming to notice that petrol import akin to the anticipated gross sales quantity and inventory cowl has additionally not been booked. The import plan ought to have been finalised by the importers however, up to now, there’s a deficit within the import plan, the OCAC letter mentioned.