In the midst of concerns about the influx of smuggled Iranian oil, oil marketing companies (OMCs) are expanding their reach across Pakistan. Pakistan State Oil (PSO) has added 37 new retail outlets, bringing its total to 3,555 nationwide. Despite challenges like smuggling affecting sales, PSO remains focused on growth and completed the construction of seven new storage tanks.
Attock Petroleum Ltd (APL) strategically invested in key locations, with new service areas expected to open on motorways. Shell Pakistan Limited (SPL) and Gas and Oil Pakistan Limited (GO) have also been actively expanding their outlets. However, the industry faces significant threats due to the influx of smuggled fuel, which could jeopardize government revenue streams.
The Ministry of Energy has received a proposal for “mobile units” to distribute fuel, raising concerns about safety and pricing. The Pakistan Petroleum Dealers Association (PPDA) has also expressed reservations about the impact of these units on existing pump businesses.
Despite challenges, the OMCs are adapting to the changing landscape of the oil industry in Pakistan, aiming for growth and innovation while navigating complex market dynamics.
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