Updated on
Summary
Circular deficit of Pakistan State Oil (PSO) has surpassed Rs 85 billion. According to Ministry of Petroleum sources, oil refineries have slashed supply of furnace oil up to 60 percent. PSO has to pay Rs 62 billion arrears to oil refineries. PSOs arrears towards WAPDA are Rs 33 billion, Hubcos Rs 28 billion, KEPCOs Rs 14 billion, PIAs Rs 1.5 billion and AEF Lal Pirs Rs 1 billion.
