ISLAMABAD: Leading oil marketing companies (OMCs) have had their September cargoes deferred, with three scheduled for October set to be rationalized or canceled. If necessary, December cargoes will also be canceled.
In a meeting on Wednesday with refineries and top-performing OMCs, the decision was made to address concerns about the excessive stock of high-speed diesel (HSD). Cargoes already in the country will be stored in bonded facilities and unavailable for sale until the end of September.
The Petroleum Division has also requested a report on allegations from local refineries regarding the slow uplift of domestically produced HSD.
