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PSO to import 180,000tns mogas cargoes for March

PSO to import 180,000tns mogas cargoes for March Business December 26, 2020 KARACHI: State-owned Pakistan State Oil (PSO) will import four motor gasoline cargoes weighing 180,000 tons for coming March as it is anticipating revival in fuel demand following the lifting of lockdown, it was learnt on Friday. PSO invited bids for supply of four motor gasoline cargoes of 45,000 metric tons each in March. “Going forward, we expect the industry volumes to make a new high in lieu with the upcoming government projects, demand from independent power producers and higher automobile sales,” Muhammad Rafay, analyst at Pearl Securities said. “The second wave of COVID-19 is likely to restrict the growth in oil sales volumes in case of any lockdown or restriction on trading and business activities in the country,” Rafay said.

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