PRL management warned that the refinery was surviving on an hour-to-hour basis and it may not only lead to the closure of refinery but it was also going to face a major hit due to inventory losses in the wake of OMCs' reluctance to lift high-speed diesel and petrol.
Sources told
Officials said PSO and some other OMCs imported 320,978 tons of high-speed diesel and 576,113 tons of petrol in
PRL, in a letter sent to the petroleum secretary, said the
'We would like to bring to your notice the short-lifting of high-speed diesel and petrol which, owing to ullage constraints, can lead to the possible closure of the refinery. In this regard, we request your urgent intervention,' said the PRL management.
Purchasing high-speed diesel
Referring to the demand for high-speed diesel, PRL said 55,000 tons of high-speed diesel had been available in
Around 13,000 tons were lifted by the OMCs. At present, 'we are carrying around 15,000 tons of high-speed diesel stocks and are now left with only two days of diesel ullage,' said the PRL management.
It added that unfortunately a similar situation had emerged last month wherein the refinery had declared availability of 40,000 tons of high-speed diesel and only 28,600 tons were lifted.
'It is imperative that OMCs furnish high-speed diesel intents to ease this precarious situation,' the company added.
Petrol demand
The company management also said it had declared availability of 32,000 tons of petrol for
'We are carrying stocks of around 5,000 tons and are now left with only two days of petrol ullage.'
The PRL management also stated that the
'Needless to say, the situation is extremely serious and
Responding to the situation, a PSO spokesperson said, 'PSO is the largest buyer from the refineries in
'It is also important to note that the company's local purchases of petroleum products are always in accordance with the allocation made in the monthly product review meeting of the
© Pakistan Press International, source