PSO Seeks Payment Of Bills From Refineries
Friday, February 12, 2010 at 6:27 pm
Pakistan State Oil has warned the government that it would suspend the supply of furnace oil to power companies, if the latter would not pay the payable amount of Rs88billion.
According to petroleum ministry, PSO was to pay around Rs66billion to the oil refineries, while it has to pay Rs18billion to Kuwait Petroleum Company till February 25. The PSO officials have demanded of the government to get it the Rs66billion, and warned that otherwise it would issue the letter of credit default, besides suspending the oil to the refineries.
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