A meeting was convened on Wednesday with representatives from refineries and top-performing Oil Marketing Companies (OMCs) to discuss and adopt a strategy to address the issues of High-Speed Diesel (HSD) stocks within the refineries and in the country.
Leading importing OMCs’ September cargo has been deferred and 3 cargoes in October are to be rationalized/cancelled. December cargoes shall also be canceled (if required) in the due course of time.
The cargo already arrived shall be put into bonded storage so that the same is not available for sale till the end of September.
this is good for pakistan economy because diesel demand is very low the reason is most of diesel engine tubewells has been shifted into solar thats why this is good sign for economy