Sufficient diesel stock available in country: Omer Ayub

ISLAMABAD: Minister for Power and Petroleum, Omer Ayub on Monday expressed concern over the artificial shortage of petroleum products being created in the country and clarified that the country has adequate diesel stock.

Talking to media he said, “The general public need not engage in binge buying petrol as sufficient stocks of petroleum products are available in the country.”

He said at present the country has petrol reserves for ten days. In the next two or three days, two tankers of sixty-five thousand metric tons will dock at our ports.

“Petroleum Division is vigorously monitoring the situation and had directed all refineries to enhance their production,” he added.

He expressed concern over the artificial shortage of petroleum products being created in the country by oil marketing companies (OMCs) and petrol dealers.

He said, unfortunately, some oil marketing companies and their dealers have resorted to such methods for profit maximization that are having an adverse impact on the lives of the esteemed consumers.

He said the FIA had been given instructions to check the stocks of all oil marketing companies.

In addition, the administration has been directed to seal and cancel the licenses of those petrol pumps not selling the fuel, he mentioned.

He instructed Pakistan State Oil (PSO) to increase their imports and supplies. Refineries have also been directed to ensure sufficient operations to meet planned imports