ISLAMABAD -UNS: After acute economic crises the country may face shortage of petroleum products.Due to the decrease in the import of petrol, Pakistan State Oil(PSO) started emergency measures to manage the petroleum products supply in the country.
The country’s’ state owned company PSO has limited the supply of petrol across the country, set a quota for dealers after the problems in opening of LC for import. There is a fear of shortage of petrol and lubricants due to non-opening of LCs for import in the country for last few months.
The sources said that PSO and other oil marketing companies also wrote letters to the Ministry of Finance and Petroleum regarding issues in opening for import of Petroleum products.
PSO restricted the petroleum dealers to a limited quota through software is the main oil company to supply petroleum products to the majors government strategic institutions including Pakistan Army.
The sources said that ‘if the LCs are not opened immediately for import, the supply chain will be broken’.
The sources due to the supply chain break, it will take a month to restore the normal supply of petrol.
