ISLAMABAD: Pakistan State Oil (PSO) has introduced Rs. 11.2 billion revenue for the primary half of the fiscal 12 months 2025 as the corporate’s complete gross sales income reached Rs. 1.74 trillion, with a gross revenue of Rs. 9.1 billion.
In accordance with PSO spokesperson, the corporate has achieved a market share of 47.1percent within the white oil sector, promoting 3,610 thousand metric tons.
The corporate additionally secured a 48.1percent market share within the diesel market, with gross sales of 1,660 thousand metric tons. Moreover, PSO bought 1,601 thousand metric tons of petrol, capturing a 41.5percent market share.
The spokesperson added that the corporate’s complete gross sales quantity stood at 326.8 thousand metric tons. In December 2024, PSO’s gross sales elevated by 22.3percent month-on-month, reaching 5.2 thousand metric tons. LPG gross sales additionally rose by 10percent to 27.56 thousand metric tons.
As of December 31, 2024, the corporate’s receivable stood at Rs. 467 billion, with Rs. 340 billion nonetheless must be paid again by Sui Northern Fuel Pipelines Restricted (SNGPL).
Earlier, it was reported that the corporate’s profitability was severely impacted by the monetary disaster, with the biggest share of receivables must be paid by the Sui Northern Fuel Pipelines Restricted (SNGPL).
The sources stated that the SNGPL owes PSO Rs. 515.28 billion, whereas the Hub Energy Firm Restricted (Hubco) has to pay Rs. 14.80 billion to it.
In accordance with sources the vitality Sector owes PSO Rs. 189 billion, and Pakistan Worldwide Airways owes Rs. 29.25 billion.
The sources stated that the PSO additionally owes funds to native refineries for imported petroleum merchandise. The PSO has additionally sought Rs. 50 billion from completely different ministries.