OMCs has sufficient stockpile for uninterrupted petroleum and energy supply

OMCs has sufficient stockpile for uninterrupted petroleum and energy supply

Energy ministry has requested Oil Marketing Companies (OMCs) to cancel their planned crude oil imports from April 1, 2020 onwards to support Pakistan’s domestic refining industry. As narrated in an official order, the ministry of energy has also well-defined all of the nation’s refiners as a vital service in the middle of the current lockdown. The order raconteur’s as a guarantee of free movement of the industry’s employees, vendors, and contractors. It ensures that Pakistan’s refining industry can provide a continuous supply of petroleum products at all petrol pumps across the country.
Under current scenario, the oil refining companies – PRL, NRL, ARL, Byco, and Parco – have been deemed essential services by the Ministry of Energy, Petroleum Division through a recent order. The refining industry acclaims the ministry’s steps to direct law enforcement agencies to facilitate the unhindered movement of refineries/OMCs to provide an uninterrupted supply of petroleum products in the country.  Keeping in view the current lockdown situation, the domestic refining industry has a sufficient stockpile of petroleum products to meet Pakistan’s fuel demand with an uninterrupted supply to meet the nation’s energy needs in drastic pledge of COVID-19.