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Wednesday, May 22, 2024

Pakistan’s fuel reserves fall below strategic levels

ISLAMABAD: The country’s oil supplies are facing serious disruption due to pipeline and port congestion, forcing oil companies to go against standard operating procedures amid acute storage constraints. Consequently, stocks of the two main petroleum products — motor gasoline and high-speed diesel — are short of the mandatory strategic levels, at a time when the country’s borders are in a state of heightened tension, sources told Dawn. Sources said the Ministry of Defence had repeatedly called on the quarters concerned to increase supplies for strategic reserves. But both the government and the oil industry have repeatedly asked the ministry to speed up clearance of requests for construction of additional storage capacity.

To access the complete article, please use this link: DAWN