ISLAMABAD: Ministry of Petroleum & Natural Resources is hereby conveying the following factual position regarding the status of oil Supplies in the country.
At the onset it is clarified that strategic and normal stocks are two different entities. The fuel used for armed forces is sufficiently available but details cannot be made public due to security reasons.
The ministry said that at present, the countrywide stocks of Motor Gasoline (Petrol) is 225,674 Metric Tons(MTs) which is sufficient for 13 days cover as per current average per day demand of the country, which is around 17,500 MTs.
“Besides, 02 Vessels of Motor Gasoline, carrying quantities of 17,000 MTs are waiting for berthing, while 02 more vessels having quantity of around 67,000 MTs are expected to arrive, tonight”, ministry added.
The country wide stocks of High Speed Diesel (HSD) is 466,821 MTs which is sufficient for 17 days cover as per current average per day demand of the country, which is around 27,310 MTS.
Moreover, 02 Vessels of HSD, carrying quantity of 106,000 MTs are waiting for berthing, while 01 vessel having quantity of around 54,000 MTs Is under discharge.
It is pertinent to mention here that the total storage of HSD is around 1.2 million tons which is sufficient for 44 days cover. At present, the demand of HSD has increased substantially due to harvesting season at approximately 27,310 MTs as compared to normal demand of 22,000 MTs.
Furnace Oil is mainly used in Power Sector and its country wide stocks are 759,022 MTs which is sufficient for 27 days cover as per current average per day demand of the country, which is around 28,320 MTS.
In addition to the above quantity of Furnace oil, 03 Vessels of Furnace Oil, carrying quantity of 204,974 MTs are waiting for berthing at Fauji Oil Terminal (FOTCO), Karachi.
From 14th August, 2016 to 31st October, 2016, one Oil Pier (OP-1) at Keamari port remained un-operational due to its maintenance causing a temporary disturbance in import handling of Motor Gasoline (Petrol). With the close coordination among all stakeholders, Ministry of Petroleum & NR managed all imports without any disruption of supply chain in the country. The said Oil Pier is now operational and import handling at Keamari has improved.
At present, there is sufficient supply of petroleum products (Motor Gasoline/High Speed Diesel/Furnace Oil) throughout the country, keeping in view the current surge in demand of the petroleum products. Ministry of Petroleum & Natural Resources has taken proactive action advising the OMCs to import as per plan. Simultaneously, refineries have also been advised to maximize their production in order to cater to the country wide demand.