AMS allowed imports to bridge the deficit
As a net importer of both crude oil and refined products, Pakistan does not have enough feedstock to feed refineries and therefore crude oil has to be imported to utilize refining capacity, industry experts say while responding to a report that Pakistan State Oil (PSO) has lost 5% of its market share to Gas & Oil Pakistan Limited (GO). They alleged that refineries are unable to produce enough petrol and diesel to meet the country’s needs, further leading to importation of refined products by the oil marketing companies (OMCs). Pakistan has a well-established system of ascertainment of crude oil and
