The government has approved Pakistan State Oil (PSO) to import 45,000 metric tonnes (MT) of high-speed diesel (HSD) for September.
The decision was taken by the Oil and Gas Regulatory Authority (Ogra) during a recent product review meeting (PRM) assessing domestic petroleum demand and supply.
Industry sources said PSO had initially requested permission to import 100,000MT of HSD, but Ogra allowed less than half, citing sufficient local production to meet domestic needs.
The imports are part of PSO’s long-term agreement with Kuwait Petroleum Corporation (KPC).
Ogra did not grant similar approval to private-sector oil marketing company GO, stating that local output combined with PSO’s imports would adequately cover the country’s requirements for the month.
In the fiscal year ending June 30, 2025, Pakistan imported 2.03 million MT of HSD, up from 1.83 million MT the previous year. The increase in imports has previously sparked disputes between the regulator, refineries, and some oil marketing companies, particularly in the private sector.
