Karachi: Due to threats to global oil industry, reduction in diesel production and supply, there is a fear that diesel supply in Pakistan will be affected.
According to Express News, the Oil Companies Advisory Committee (OCAC) has sent proposals to the government to meet the additional demand for diesel for the Rabi harvest and to avoid a possible crisis. OCAC has informed OGRA of possible diesel crisis.
The letter said that US reserves are falling, China has banned exports, European refineries have reduced production, it has become difficult to get diesel from the world market, Pakistan will face a crisis like 2015, petroleum marketing companies Is facing difficulties in purchasing diesel.
According to the letter, four marketing companies buy diesel from a single supplier who is facing an inquiry. Banks have stopped financing due to a major financial scandal in the petroleum sector. 40% of diesel consumption is met through imports.
According to the letter, the consumption of diesel is increasing due to harvesting of Rabi crops. Although the country currently has 21 days' supply of diesel, the daily consumption is likely to reach 25,000 to 30,000 metric tons.
The contents said that if effective planning was not done for the uninterrupted supply of diesel, there would be a crisis. The OCAC has recommended to the government that the refineries be run at full capacity to meet the demand for diesel from March to June and that the use of diesel in the power sector be banned from March to June.
The letter further said that the power sector should be required to use local furnace oil, marketing companies relying on imported diesel should formulate integrated and efficient import plans and adopt alternative and multiple supply sources instead of relying on one supplier.
Post a Comment