Pakistan State Oil
(PSO) is the oil market leader
. Its well established infrastructure, built at par with international standards, represents 82% of country’s storage.
PSO came into being in the mid-1970s when the Government of Pakistan
amalgamated three “Oil Marketing Companies”: Esso Eastern
, Pakistan National Oil
(PNO) and Dawood Petroleum
as part of its “Nationalization Plan”.
From 1999 to 2004, PSO had undergone radical changes, both internal and external and has emerged with a new look and as a market leader with a long term vision. The company is the only public sector entity in Pakistan that has been competing effectively with three foreign multinationals, Shell
PSO is currently enjoying over 73% share of Black Oil
market and 59% share of White Oil
market. It is engaged in import, storage, distribution and marketing
of various POL products including mogas
, high speed diesel
(HSD), fuel oil
, jet fuel
, liquified petroleum gas
(LPG), compressed natural gas
(CNG) and petrochemicals
. PSO also enjoys around 35% market participation in lubricants and is blending/marketing Castrol
brands, in addition to a wide array of its own.
It is considered as one of the most successful mergers in the history of Pakistan. The company has retail coverage of over 3,800 outlets, representing 80% participation in total industry network. The company has been the winner of Karachi Stock Exchange Top Companies......