By our correspondent
KARACHI: Pakistan State Oil (PSO) Managing Director Jalees Ahmed Siddiqui on Wednesday feared Rs1 billion losses in revenue of the company due to drop in consumption of petrol.
Speaking to office-bearers of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he said petrol consumption has dipped due to increase in use of CNG as auto fuel.
He said PSO was preparing to market LPG from its retail outlets as its supply was cheaper than CNG, which requires piped gas.
“The only drawback is that the LPG retail outlets would require more security arrangements as LPG was heavier in density and did not dissolve in air as quickly as CNG,” a FPCCI press release quoted him as saying.
He said 2.8 million customers visit retail outlets of the state-owned giant daily and as a result of renovation of petrol stations sales have increased by 15pc.