Pakist­an Refine­ry Limite­d says OMCs are import­ing, not liftin­g locall­y produc­ed oil produc­tsISLAMABAD: Pakistan Refinery Limited (PRL) has warned the government of possible closure following refusal of oil marketing companies (OMCs) – which are giving preference to imports – to lift the locally produced petroleum products. Officials said PSO and some other OMCs imported 320,978 tons of high-speed diesel and 576,113 tons of petrol in February 2020. “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. Purchasing high-speed dieselReferring to the demand for high-speed diesel, PRL said 55,000 tons of high-speed diesel had been available in March 2020 and around 18,000 tons had been allocated for the first 10 days of March. Responding to the situation, a PSO spokesperson said, “PSO is the largest buyer from the refineries in Pakistan.

Source: The Express Tribune March 12, 2020 03:11 UTC