Staff Reporter
Karachi
Pakistan State Oil (PSO), the leading oil marketing company of Pakistan, convened its Board of Management (BoM) meeting on Tuesday to review the Company’s performance together with its subsidiary Pakistan Refinery Limited (collectively the ‘Group’) for the quarter ended September 30, 2020 (Q1FY21).
Covid-19 continues to impact people around the world. Despite the serious challenges faced by the economic and business world amid the outbreak, PSO has remained resilient in the rapidly changing environment, delivering solid organic growth and improved margins in the first quarter.
The Board has confirmed PSO’s profitability and performance.
The Company witnessed a volumetric growth of 11.8% in motor gasoline, 17.1% in high speed diesel (HSD), 7.7% in white oil, 37.8% in black oil and 13.9% in liquid fuels resulting in a market share of 42.1% in motor gasoline.
