Tag: Pso

PSO refutes allegations by All Pakistan CNG Association (APCNGA)

Apropos the news items published on Tuesday, Apr 19, 2016 by a section of media pertaining to remarks from All Pakistan CNG Association (APCNGA),...

APCNGA warns PSO of legal action against oil retailer

    Central Chairman of All Pakistan CNG Association Abid Hayat on Friday said Pakistan State Oil (PSO) is harassing CNG operators to extract money which...

Oil tankers association cuts off supply to PSO over nonpayment

  Oil tankers association on Thursday cut off supply to Pakistan State Oil (PSO) for nonpayment of pending dues. All Pakistan Oil Tankers Owners Association (APOTOA)...

Govt to seal Qatari LNG deal at $5 per mmbtu

Qatar Gas' initial offer was $6.56 per mmbtu which was brought down by govt after negotiations Qatar Gas to pay $320,000 per LNG shipment while...

LNG supplies to PSO in limbo as receivables break all past...

International suppliers have walked out of bidding to provide Liquefied Natural Gas (LNG) to Pakistan State Oil (PSO) because of its overexposure to the...

PSO hires foreign vessels ahead of expected POL shortage

The national carrier has also not provided any vessel for the loading and transport of High Sulfur Furnace Oil on May 20-22, 2015 which could lead to electricity breakdown in the country as well.

PSO announces cash dividend of Rs 6 per share

Pursuant to the notification from the Ministry of Petroleum & Natural Resources (MPNR), dated February 12, 2015, whereby Pakistan State Oil (PSO) was informed by the MPNR that the federal government, in exercise of the powers under Section 7 of the Marketing of Petroleum Products (Federal Control) Act, 1974 “the Act” has dissolved/de-notified the BOM with immediate effect.

Substandard furnace oil import enquiry in final stage

The Federal Investigation Agency (FIA) has almost finalised an enquiry into the import of substandard furnace oil by the Petroleum Ministry through the Pakistan State Oil (PSO).

PSO board dissolved, OGRA chairman sent on forced leave

Days after a two-member committee held the Oil and Gas Regulatory Authority (OGRA) and Pakistan State Oil (PSO) responsible for the petrol crisis in...

‎Power woes magnify and summers are not even here yet

Govt carries out unannounced load shedding – 12 to 14 hours in urban areas and 16 to 20 hours in rural areas, as power...

PSO claims overcoming fuel shortage in Punjab

The nation’s leading oil marketing company Pakistan State Oil (PSO) on Tuesday claimed that it has successfully managed to overcome the fuel shortages occurring...

Short on petrol too!

With Pakistan State Oil (PSO) whining for money and the government struggling with setting the ever-stagnant circular debt in motion, the countrymen’s quantum of agitation is rising with each passing day as they line up at arid petrol stations across the country with their dried up vehicles in search for their daily dose of ‘liquid gold’.

LHC issues notices to Petroleum Ministry, PSO over fuel shortage

The Lahore High Court Friday issued notices to the Petroleum Ministry and Pakistan State Oil (PSO) on a petition against shortage of petrol. Justice Shahid...

Acute fuel shortage brings citizens on knees

PSO spokesman says ‘temporary’ shortage will be overcome in ‘couple of days’ After the frequent shortage of gas and water, citizens have been further irked...

Govt fuels up PIA with letter to PSO instead of Rs...

*Fuel supply to PIA continues after a letter by Ministry of Aviation to PSO directing oil giant to show ‘flexibility’ in its fuel-suspension warning...

PSO to run PIA dry if it doesn’t pay Rs 2b...

At least 35 aeroplanes of the Pakistan International Airlines (PIA) will be grounded if the national flag-carrier failed to pay at least Rs 2 billion to the Pakistan State Oil (PSO) by 5pm today (Tuesday).

PSO announces financial results for Q1 FY2015: Operational profit increases by...

The Board of Management (BoM) of Pakistan State Oil Company Limited (PSOCL) convened on Tuesday at the PSO headquarters, to review the Company’s performance...