PSO circular debt exceeds Rs114b

Pakistan State Oil circular debt has exceeded Rs114 billion due to non-payment by the public sector. Ministry of Petroleum And Natural Resources sources said that Wapda, Kepco, KESC, are defaulters of around Rs114billion of PSO.The PSO had to pay Rs76 billion to different refineries in the country and the payments due on May 23 to Kuwait Petroleum Company amounts to Rs23 billion. PSO demanded Rs40billion from the government forthwith.