State Trading Organisation stops rationing of oil supplies

The State Trading Organisation (STO) has ceased to ration oil supplies, following the arrival of a delayed shipment from Dubai last week, reports local media.

After the oil shipment arrived Thursday (August 15), STO resumed selling oil without any restrictions, STO Managing Director Shahid Ali told local media yesterday (August 18).

“The shipment was delayed because the vessel could not approach the loading bars. Since they are charter boats, even a delay of one day would cause problems,” said Ali.

He explained that delays in oil shipment arrivals requiring oil supplies to be controlled is not a new problem and STO has had to ration oil on several past occasions.

“In spite of the control, we supplied oil to STELCO and other important customers without any restrictions, but supply to other groups was somewhat controlled,” Ali noted.