PSO warns of another energy crisis
During the current month PSO supplied fuel worth Rs10.77 billion to Habco and Kepco. If payments are not made on time, the supply of fuel could be stopped. According to PSO sources, power sector owes PSO Rs 131 billion in all.
Wapda owes Rs 31 billion, Kepco Rs 33 billion, PIA Rs 2 billion, KESC Rs 5 billion and Railways Rs 1.14 billion.
PSO, on the other hand has to pay Rs 59 billion to national oil companies and Rs 83 billion to international oil companies.
PSO’s Circular Deficit Surpasses Rs 85bn
PSO’s Circular Deficit Surpasses Rs 85bn, Circular deficit of Pakistan State Oil (PSO) has surpassed Rs 85 billion. According to Ministry of Petroleum sources, oil refineries have slashed supply of furnace oil up to 60 percent. PSO has to pay Rs 62 billion arrears to oil refineries. PSO’s arrears towards WAPDA are Rs 33 billion, Hubco’s Rs 28 billion, KEPCO’s Rs 14 billion, PIA’s Rs 1.5 billion and AEF Lal Pir’s Rs 1 billion.
PSO’s Circular Deficit Surpasses Rs 85bn was first posted on January 28, 2010 at 10:42 pm.
