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SINGAPORE: Pakistan State Oil (PSO) is seeking 500,000 tonnes of petrol for delivery over December and January, according to two tender documents seen by Reuters on Tuesday.
In the first tender, the company is seeking four cargoes of 55,000 tonnes each of 92-octane petrol for delivery into Keamari in December, and four similar-sized cargoes for delivery in January.
In the second tender, PSO is seeking two 30,000-tonne cargoes of 95-octane petrol for delivery in December and January.
Both tenders close on Oct 29 with offers to remain valid until Nov 10.
Pakistan is moving towards 92-octane petrol from November and is phasing out imports of 87-octane petrol, in line with a global shift towards cleaner fuels.
Published in Dawn October 12th, 2016
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Comments (12) Closed
Oct 12, 2016 08:43am
Cut of oil subsidy.our nation is soo use to freebies.shame on us.the subisdy desnt reach the people who are really poor.use this money to help the poor.not the middle class and the rich.
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Oct 12, 2016 11:12am
Moving to 92 from 87?
Total waste. Just more expensive fuel and the current generation of IC engines are designed to work with 87. It actually might effect engine petformance.
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Oct 12, 2016 11:22am
@Abood. There is no subsidy on petroleum products. Instead there is high tax rate on them as price in the world market is lower.
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Oct 12, 2016 03:05pm
I thought we refine our own petrol from imported crude!
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Oct 12, 2016 10:11pm
In US, we use as low as Octane 85 and in Pakistan the government is forcing people to purchase the more expensive Octane 91. Why taking away choice from people?
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Oct 12, 2016 10:50pm
Half a million ton for Dec. Jan use is too much. It translates to
a whooping 20 million liters a day, which is over 20 liters a day for about a million motor vehicles and motor-bikes on Pakistani roads.
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Oct 13, 2016 06:21am
87 octane is the most commonly used fuel all over the world. Ido not unerstand why pal authorities are saying it is not commonly used and hard to get.
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Oct 13, 2016 09:06am
@Houlbelat We have 5 refineries that have a combined refining capacity (nameplate) of around 407,000 MT. Out of this 407,000 MT, the largest refinery bearing nameplate capacity of 120,000 MT is not operational. So basically we can currently process 287,000 MT of crude oil in a day. Our refineries produce a total of around 150,000 MT of motor gasoline in a month as opposed to a monthly consumption of around 550,000 MT. Around 400,000 MT of motor gasoline is imported.
Hope it helps.
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Oct 13, 2016 10:08am
@Abdul Azeem thank you for that information. is there a book or any other source you would recommend to help understand pakistan's oil and gas sector better?
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Oct 13, 2016 11:26am
I have tried this to explain many times.
US OCTANE 85 is not the same as the OCTANE RATINGS elsewhere due to different measurement methods used.
US/CANADA OCTANE ratings are different and US 85 is equal to Octane 90 elsewhere.
The 87 RON in Pakistan is only being used in Pakistan and Somalia. It's obsolete.
This is not a waste....higher octane ratings pollute less, give slightly better economy and are more suited to extending engine life.
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Oct 13, 2016 02:59pm
@pk Yes. You can refer to the "Pakistan Oil Report" published annually by the Oil Companies Advisory Council (OCAC). They collate information from all Oil Refineries and Oil Marketing Companies. That will surely help you understand the Pakistani Oil Market better.
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Oct 14, 2016 04:56am
@Heman Saudi Arabia subsidises oil for Pakistan.
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