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PSO clears renewed SPA with PARCO?
ISLAMABAD: Pakistan State Oil (PSO) Board has reportedly given its nod sought to execute a renewed five-year Sale Purchase Agreement (SPA) with Pak Arab Refinery Limited (PARCO), providing for a substantial increase in monthly allocations of motor gasoline and high-speed diesel (HSD) while sharply reducing furnace oil supplies. According to sources, the proposed agreement will increase PARCO’s monthly motor gasoline (RON 92) allocation to PSO from 18,000 tonnes to 50,000 tonnes and more than double the monthly HSD allocation from 50,000 tonnes to 105,000 tonnes. In contrast, the monthly furnac...
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