Govt bars private diesel imports, gives PSO sole role for FY27
The government has barred private oil marketing companies from importing high-speed diesel in FY27, making PSO the sole importer. It has also capped private petrol imports and directed PSO to secure long-term supplies from Oman.
ISLAMABAD: The federal government has stopped private oil marketing companies from importing high-speed diesel in FY27, assigning the entire import function for the product to Pakistan State Oil under a new fuel supply policy.
The move is part of cabinet decisions taken on a summary from the Petroleum Division, which said the steps were needed because of prevailing market conditions and to reduce the impact of higher petroleum prices on consumers. The same decision also placed a ceiling on petrol imports by private oil marketing companies, linking their allowed quantities to past sales.
The revised arrangements have been sent to the Oil and Gas Regulatory Authority as fresh policy guidelines covering fuel supply management and a changed pricing mechanism for petroleum products. Under the new framework, PSO will also sign a long-term petrol supply agreement with Oman’s OQ Trading to help secure supplies in light of the closure of the Strait of Hormuz.
HSD import to be allowed only through PSO for FY27.
The decisions were aimed at managing supply and price pressures in the domestic market through tighter control over fuel imports and procurement.
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